14 Oct, 2023
Flash Coffee, the Singapore-based coffee chain, has decided to halt its operations in Singapore to redirect its focus to other markets. This decision comes amid inquiries regarding its local business. The company, which previously had 11 outlets in Singapore, including one at Jurong Point where a sign indicated employee dissatisfaction over delayed salary payments, clarified that its Singapore staff are not on strike.
In a statement, Flash Coffee revealed that they have ceased operations at all 11 stores, and consequently, their baristas are not required to report to work. They further explained that, to foster a profitable and sustainable business, they made the choice to intensify their efforts in more promising markets. This strategic shift resulted in the cessation of their operations in Singapore, which accounted for 11 stores out of their approximately 200 global outlets.
A check on the Accounting and Corporate Regulatory Authority (ACRA) portal indicated that the company's status was listed as "in liquidation - creditors' voluntary winding up."
Flash Coffee, known for its iconic yellow storefront, was launched in 2020 and has a presence in various Asian markets, including Indonesia, Thailand, and Hong Kong. In 2021, the company operated nearly 30 outlets in Singapore. Despite being a non-unionized company, Flash Coffee stated that it is actively assisting affected team members. Most of the Singapore head office staff have been offered roles in other markets or with the regional team. Additionally, efforts are underway to connect their baristas with opportunities in other coffee chains.
A union reported that employees affected by the sudden closure of Flash Coffee's outlets are owed outstanding salaries, Central Provident Fund (CPF) contributions, and prevailing leave entitlements. The company is working to address these concerns raised by its employees.
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