Superfood Kitchen to liquidate with closure of last outlet in Raffles City
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Local eatery Superfood Kitchen will enter voluntary liquidation, closing its last outlet in Raffles City on August 31 due to mounting losses and inability to agree on rental terms with the landlord. Its parent company, Autagco, reported accumulated losses since its launch in 2022 and has decided to focus on its assisted living business. Autagco will incur a one-off cost of S$15,000 for the lease handover and has appointed a liquidator. Autagco shares fell by 50% to S$0.001 on Friday.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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