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10-02-2022, 07:50 PM
No Signboard has closed all three of its Singapore outlets for Korean fast food chain Mom’s Touch. The F&B group announced on its social media platforms that it has “ceased operations at all outlets with effect from today, 10 Feb 2022”.
It brought in the brand in 2019 with an outlet at Paya Lebar Quarter. Mom’s Touch later expanded to two other outlets at The Centrepoint and Bedok’s Eastwood Centre.
Mom’s Touch had operated under No Signboard’s subsidiary Hawker QSR, which also ran a string of currently defunct hawker-inspired fast food eateries. The Business Times reported today (Feb 10) that Hawker QSR is pursuing creditors’ voluntary liquidation to wind up, as it can no longer sustain its operations due to its liabilities.
Voluntary liquidation happens when a financially struggling company opts to end its business and sell off assets to pay its debts.
More at https://shrtco.de/ejzqY
It brought in the brand in 2019 with an outlet at Paya Lebar Quarter. Mom’s Touch later expanded to two other outlets at The Centrepoint and Bedok’s Eastwood Centre.
Mom’s Touch had operated under No Signboard’s subsidiary Hawker QSR, which also ran a string of currently defunct hawker-inspired fast food eateries. The Business Times reported today (Feb 10) that Hawker QSR is pursuing creditors’ voluntary liquidation to wind up, as it can no longer sustain its operations due to its liabilities.
Voluntary liquidation happens when a financially struggling company opts to end its business and sell off assets to pay its debts.
More at https://shrtco.de/ejzqY
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