All of a sudden! Chain coffee brands close all stores in Singapore
▲
Click follow | Daily boutique coffee culture magazine coffee workshop
Nowadays, for the depressed coffee market, in addition to the tide of large-scale closure at home, there are also large-scale coffee shop chains abroad that can not escape the fate of closure.
Recently, many information about the Flash coffee chain, once known by the domestic media as a "copycat version" of Ruixing, is "retreating" from 11 stores in Singapore, as well as information about whether employees are in dispute over unpaid wages.
Flash Coffee is a Singapore chain coffee brand that uses digital operators to provide buyers with a buy-and-go experience. It is understood that not long ago, the Singapore chain brand Flash coffee announced the completion of its $50 million financing; this round of financing is led by White Star Capital, with the participation of investors such as Delivery Hero and Geschwister Oetker.
Flash Coffee said in a statement that the money will be used to accelerate the improvement of the company's overall profitability and promote the company's continued expansion in the Asia-Pacific region.
Then again, a notice about employees striking because of unpaid wages appeared on social platforms, something like: we're on strike. In view of the repeated delays in payroll, the store will be closed indefinitely. Baristas in Flash coffee all over the island (Singapore) deserve a comfortable working environment. Thank you for your good memories and look forward to seeing you next time. "
Flash coffee officials responded to the controversy in the report by abruptly closing all stores in Singapore "in order to focus on other potential markets".
According to the union, the company's employees were owed wages, central provident fund payments and unused holidays were cashed. Meanwhile, in response to media enquiries on October 13, the union president said he was told at a meeting yesterday that the company had been provisionally liquidated and their services would be terminated from now on. According to media reports, Flash coffee will abandon the Singapore business, but promised to continue to retain the Hong Kong market.
Although Flash Coffee was determined to replicate Ruixing in the early days, it was essentially different from Luckin Coffee in that it did not further develop valuable projects to differentiate itself from competitors in a crowded market, except through subsidies on the takeout platform.
In addition, according to the website of the Bureau of Accounting and Enterprise Control, the status of Flash Coffee is classified as "voluntary liquidation of creditors".
And this year, Flash coffee showed that all of its 92 stores in Indonesia were profitable. In the face of the financing announcement less than half a year, the company will spread the winding-up news, it is inevitable to guess whether the company faced financial problems, made the decision to close the branch.
If Flash coffee chooses to emulate Ruixing's operation model, it is undeniably tantamount to burning money, when the financing situation is not smooth, the money-burning model is indeed difficult to continue.
Photo Source: Internet
Disclaimer: some of the pictures in this article come from the network, and some of the contents of the website, such as pictures, we will respect the origin of the original copyright, but due to the large number, there will be individual pictures and texts not in time to indicate, please forgive me. If the original author has any disputes can contact the website to deal with, once verified we will immediately correct, by the "coffee workshop" collation and editing, reprint please indicate, if infringement, please inform deletion, thank you ~!
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Is this coffee festival featuring a "conspicuous bag"?
▲ click follow | Daily boutique Coffee Culture Magazine Coffee Workshop in the vast crowd, want to stand out, by everyone's eyes can capture you, incarnation into a "conspicuous bag" may be the most effective way. Two days ago, the eighth Lujiazui Coffee Festival, which lasted for five days, officially kicked off.
- Next
Tims new store opened in the temple, netizens: it is better to go to work than incense.
▲ Click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop recently announced the opening of Tims Coffee, this time the new store is still in the temple. The new store is opened in Nantong West Temple in Jiangsu Province, which is the first temple coffee in tims China. To this end, the new tims store produced the slogan "turn around" for the product.
Related
- What effect does Italian American coffee with filter paper have? Will coffee taste better if it is put on filter paper at the bottom of the powder bowl?
- What is the color difference in coffee beans? What are the characteristics of honey processed coffee beans? Why are the anaerobically treated coffee beans uneven in color?
- How does novice Xiaobai quickly get started and make coffee? Newbies learn to make coffee by hand and share the specific steps and process process!
- Costa tea has a shelf life of 100 years?! Expert: Unable to verify
- It's a huge uproar! American milk addition was rejected by Manner employees?!
- Mocha pot coffee bean recommendations| How fine and how much powder should be used for grinding? What parameter ratios do I need to use to make milk with Mocha pot coffee?
- What are the characteristics of the world's top ten coffee beans treated with Costa Rica honey? How to make black honey kadura from Tarazhu Pilon Processing Plant taste good?
- How to make deep-roasted coffee? What grinding water temperature does authentic Jamaica Blue Mountain No. 1 coffee use to brew it well?
- Selected high-grade rose summer coffee flavor tasting guide Why Panama rose summer has the aroma of flowers and fruits
- What equipment does a novice Xiaobai need to buy to learn to make coffee? Filter cup electronic scale bean grinder manual flushing pot purchase guide