Tag: restaurant closures
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Singapore Restaurant Closures 2025: 82% Unprofitable, Upskill Drivers
Overview: A challenging year for Singapore’s F&B sector The Singapore food and beverage industry continues to face mounting pressure as the cost of living climbs and consumer spending shifts. Fresh data shows that more than 3,000 restaurants shuttered their doors in 2024—the highest annual tally in almost two decades—prompting concern about the sector’s long-term viability.…
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Singapore F&B Closures 2024: Grab CEO Urges Upskilling for Drivers
Record closures reshape Singapore’s dining landscape The Singapore food and beverage (F&B) sector is undergoing a seismic shift as rising living costs tighten consumer wallets. Data from 2024 show that more than 3,000 restaurants shut their doors, the highest annual tally in nearly two decades. The trend has carried into 2025, signaling structural pressures that…
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Singapore F&B Closures 2024-25: Grab CEO Urges Upskilling
Backdrop: A challenging year for Singapore’s food and beverage sector Singapore’s food and beverage (F&B) industry faced a turbulent 2024, with more than 3,000 restaurants shutting their doors—the highest closure figure in nearly two decades. A combination of rising living costs, inflationary pressures, and shifting consumer habits pushed many operators to reassess pricing, menus, and…