LifeBrandz Shuts Superfood Kitchen Changi Outlet Due to Ongoing Losses

MT Newswires

2024/10/01

LifeBrandz (SGX:1D3) has closed its Superfood Kitchen outlet at Changi Airport Terminal 3 as of Sept. 20, following a strategic review, according to a Monday filing on the Singapore Exchange.

The 75%-owned unit cited continuous operational challenges, including rising costs and low sales, leading to losses since the outlet's launch in late 2022.

The company served notice for early lease termination and is undergoing reinstatement works, expecting one-off closure costs of nearly SG$26,000.

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