S1E61: Is it just a rent issue? What’s really killing Singapore’s F&B businesses?

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7d ago 44:03

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As a nation of foodies, we watch the food and beverage (F&B) scene closely to see who comes and goes.

Synopsis: Join Natasha Ann Zachariah at The Usual Place every Thursday as she unpacks the latest current affairs with guests.

In recent months, the headlines have been dominated by farewells as home-grown restaurants, bakeries, bars and even dining chains have called it a day.

This week’s casualty: Prive Group, which operated cafes and the Empress restaurant at the Asian Civilisations Museum. Its restaurants closed on Aug 31.

It has been a difficult year for the industry, which has seen other big names such as Eggslut and Burger & Lobster exit, modern European restaurants Imbue and one-Michelin-starred Poise shutter, and popular chains like Haidilao close outlets.

Is it just about rent hikes, and could it be that we, as diners, are part of the problem - always chasing the next hot concept?

In this episode of The Usual Place, I spoke with two veterans who are in the F&B scene in different ways:

Mr Bjorn Shen, a consultant and chef-owner of Artichoke and Small’s in New Bahru with “22 years of cooking”
STFood Online editor Eunice Quek, who has been reporting on the industry for about 15 years

Highlights (click/tap above):

6:08 Bjorn explains why F&B owners have no choice at times but to pay higher rents

9:10 Are landlords the problem or are manpower costs a bigger issue?

12:53 “It’s always about chasing something new,” says Eunice on food trends; Crazy about Chinese and Korean cuisine now?

17:45 Singaporeans are not as adventurous as we think we are, says Bjorn about our foodie nation status

27:49 Should the Government step in with measures to help F&B business owners?

36:50 Singapore vs other countries: Bjorn breaks down what works and what doesn’t

Host: Natasha Ann Zachariah ([email protected])

Read Natasha’s articles: https://str.sg/iSXm

Follow Natasha on her IG account and DM her your thoughts on this topic: https://www.instagram.com/theusualplacepodcast

Follow Natasha on LinkedIn: https://str.sg/v6DN

Follow STFood Online on IG: https://www.instagram.com/straitstimesfood

Filmed by: Studio+65

Edited by: Eden Soh, Teo Tong Kai & Natasha Liew

Executive producers: Danson Cheong, Elizabeth Khor & Ernest Luis

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Chapters

1. Is it just a rent issue? What’s really killing Singapore’s F&B businesses? (00:00:00)

2. Why F&B owners are paying higher rents (00:04:17)

3. Landlords vs manpower costs (00:07:16)

4. “It’s always about chasing something new.” (00:10:59)

5. "We are not as adventurous as we think we are" (00:15:47)

6. Should the Government step in with measures? (00:25:55)

7. Singapore vs other countries: What works? (00:34:55)

2100 episodes

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