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Founder Bak Kut Teh is a homegrown heritage model with 42 years of historical past.
It introduced yesterday night time (30 September) on Fb that will probably be closing its Bugis outlet with impact from 1 October.
“Singapore meals enterprise is struggling and we proceed to battle like many different native F&B companies. This can be a actuality and continues to be so,” it wrote in a submit.
It additionally went on to make clear a information article which have been circulating about its latest opening in Chengdu, China following its open letter about its struggling enterprise.
Founder Bak Kut Teh clarified that the Chengdu outlet is a “franchise mannequin” and has been determined upon in 2019 earlier than COVID-19 occurred.
“The opening was slated to be early this yr however because of COVID, the plan was deferred until just lately,” it defined.
“We hope to make clear that this franchise mannequin is totally supported by our Chinese language companions. We enormously recognize that our franchisee remains to be prepared to go forward with the dedication and we do want our model can discover success because it expands into China.”
Founder BKT Beforehand Warned Of Attainable Closure
Again in July, second-generation proprietor Nigel Chua posted an open plea on Founder Bak Kut Teh’s Fb web page to save lots of the enterprise from shutting down.
Picture Credit score: Founder Bak Kut Teh
Within the Fb submit, he shared that “gross sales have dropped tremendously by over 85 per cent”, and the enterprise is dealing with the disaster of doable closure within the subsequent two months “if the scenario doesn’t get higher.”
“We sincerely search your help to not let our 42 years of onerous work go in useless. Please save our model, the roles of our quite a few staff and our heritage,” he added.
Open Plea Masked As A Plot For Sympathy?
Nevertheless, the net submit drew a whole lot of flak amongst netizens. Some claimed that Chua lived a lavish way of life, proudly owning three personal properties, posh automobiles and costly watches, and known as his plea a publicity stunt.
Chua later clarified in an interview that 8days that he lives “in a five-room HDB flat in Hougang“.
The three personal properties netizens alleged he owns are collectively owned by him, his father and his older sister. Moreover, his automobile is a second-hand Toyota Vellfire.
Screenshot from Fb
His watch, recognized by netizens as a mannequin from Audemars Pigeut, was additionally bought second-hand.
Following the closure of its Bugis outlet, Founder Bak Kut Teh has three remaining shops in Singapore at Downtown East, Jalan Sultan and Balestier Street.
Featured Picture Credit score: Founder Bak Kut Teh / Miss Tam Chiak
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