restructuring

Companies need to come up with convincing plans for post-Covid future

AS THE government aims to loosen movement restrictions, allowing for the gradual reopening of the economy as community transmission of Covid-19 falls, companies should be planning for a post-...

Higher forced liquidations this year, with pandemic yet to do its worst

EVEN as the number of compulsory liquidations have gone up over the past four months, the true measure of distress that the global pandemic has had on Singapore companies will only be made clear...

honestbee loses court protection from creditors

THE Singapore High Court has dismissed honestbee's application to convene a scheme meeting to restructure some US$230 million worth of debt, The Business Times has learned. This effectively opens...

Brian Koo may withdraw lifeline for honestbee

HONESTBEE may lose the support of its white knight, LG scion Brian Koo, the distressed startup told its creditors in an e-mail on Wednesday evening seen by The Business Times.

honestbee sold some assets at discount; S$260k of art in storage

DISTRESSED startup honestbee has sold off some of its furniture and goods to its staff, including its management, at a 20 to 30 per cent discount to the purchase price depending on the item,...

honestbee's art stash includes iconic Lichtenstein painting Bedroom

CONTRARY to the scrappiness of startup culture, honestbee's concept supermarket habitat was full of exquisite fine art.

honestbee lays off estimated 70-80% of staff amid pivot to pizza joint

DISTRESSED startup honestbee laid off about the bulk of its 60-odd headcount on Monday evening, The Business Times has learned, with several sources estimating that between 70 per cent to 80 per...

honestbee plans pizza joint despite staff going unpaid for February

DISTRESSED startup honestbee plans to open a pizza shop in Siglap, and has already shifted kitchen equipment and furniture to a shophouse unit at Upper East Coast Road, The Business Times...

honestbee clears out furniture from habitat; police called in

TENSIONS between honestbee and landlord LHN Space Resources have escalated with police called in on Feb 28 after the embattled startup moved its furniture and fixtures out of its concept...

habitat may be history; honestbee looking at quick service restaurant concept

EMBATTLED startup honestbee is considering closing its concept supermarket habitat for good - and is instead planning to relaunch its business in the form of quick service restaurants (QSR) in the...

honestbee mulls permanent closure of habitat

EMBATTLED startup honestbee is considering a permanent shutdown of its concept supermarket habitat at Boon Leat Terrace, due to significant overhead costs and uncertainty over its tenancy, The...