The Privé Group has abruptly shut down all its outlets in Singapore, the latest in a string of Food and Beverage (F&B) closures here.
Privé Group announced the news in a Facebook post on Monday (September 1), stating that the closure took effect on the same day.
Source: The Privé Group on Facebook
In its statement, The Privé Group said it shared the “difficult news” with “heavy hearts” as it was a decision not taken lightly.
The group concluded that external market challenges and rising operational costs left it with “no viable path forward”.
It thanked customers, staff and partners for support, adding:
It’s with great sadness that we must close this chapter.
Source: The Privé Group on Facebook
Three Privé outlets in Holland Village, Botanic Gardens and Wheelock Place have shuttered, but two more will gain new life, according to the post.
The group said Empress, a Chinese restaurant in the Asian Civilisations Museum (ACM), will be taken over by Commonwealth Concepts.
There has been no disruption in service, with the restaurant remaining open.
Source: Google Maps
Commonwealth Concepts has also taken over another Privé outlet in the ACM.
The group will convert the space into a Baker & Cook outlet, which will open on Thursday (4 Sept).
Both restaurants will also fulfil prior event bookings.
Privé chairman Yuan Oeij told The Straits Times that its business started slowing down towards the end of 2023.
It then got worse each year, he said.
Fortunately, Commonwealth Concepts retained some Privé Group staff when it took over two of its restaurants.
However, it was challenging to find a solution that would allow the other outlets to remain open.
This was despite the group’s best efforts to protect those who worked there, he added.
Also read: Fluff Bakery to close in Sept after 12 sweet years, urges customers to place last orders
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from Google Maps.