Japanese Ramen Chain Kanada-Ya Shuts All Three Singapore Outlets Amid Losses

Japanese ramen chain Kanada-Ya shuts all three Singapore outlets amid losses

Its first outlet here opened at Paya Lebar Quarter in 2019. Read more at straitstimes.com.

Japanese ramen chain Kanada-Ya bids sayonara to Singapore as it closes all three outlets

Japanese ramen chain Kanada-Ya has closed all three outlets in Singapore, following continued financial losses, The Straits Times reported today (June 12). The announcement follows its parent company, Aspen Group, revealing plans to wind up the business in a bourse filing to the Singapore Exchange on June 11. The document stated that the company will place Kamada-Ya SG and its wholly owned subsidiary Kanada-Ya Restaurants under creditors’ volunt…

LuLu Hypermarket Shuts Down CapSquare KL Outlet; Officially Exiting Malaysian Retail Market

If you haven’t noticed, LuLu Hypermarket has been closing down its Malaysian stores lately. These recent closures are because the company is officially exiting the country’s retail market According to news reports, LuLu Group is shutting down its hypermarkets in Malaysia, ultimately closing its retail division. However, the company will continue to operate its wholesale division in the country. A spokesperson from the LuLu Group’s Malaysian oper…

Lulu Group shuts down retail operations in Malaysia

Lulu Group had six retail outlets in Malaysia, according to a press release in October 2022, when it opened a store in Johor Bahru. KUALA LUMPUR ...