Gong Cha shuts some outlets in Singapore; website and social media accounts down

Gong Cha shuts some outlets in Singapore; website and social media accounts down

[SINGAPORE] Bubble tea brand Gong Cha appears to have shut down its Singaporean social media accounts and website, with some of its shops also shuttered on Oct 2.

Checks by ST on Oct 2 showed that Gong Cha’s Instagram and Facebook pages were unavailable. Gong Cha’s official Singapore website also appears to be offline.

On the GrabFood and foodpanda food delivery platforms, Gong Cha’s various shops were indicated as being closed or unavailable.

Gong Cha’s shops on GrabFood appear to have various opening times listed for several shops from Oct 6 to Dec 31.

However, on its international website, the store finder function still showed its various outlets in Singapore, albeit without details on opening hours.

In July, Facebook page I Love Tampines reported that Gong Cha had ceased operations at Simei MRT Station, while business website Yelp lists Gong Cha’s 100 AM mall outlet as closed.

SEE ALSO

While the liquidation will result in some losses on a pro-forma basis, it will likely have a positive impact on the group’s consolidated net tangible assets and earnings per share in the long run, says the company.

In the UK, ST Group Food, the owner of Gong Cha’s operator GCTea Outlets 2B, said in July that it planned to liquidate its loss-making subsidiary. THE STRAITS TIMES


Source link

Posted in

Swedan Margen

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

Leave a Comment