Emporium Shokuhin at Marina Square Allegedly Closes Because It Can’t Pay Its Rent

By
Boon Hun
-

I‘m pretty sure that if you’re a Singaporean, you’d definitely have visited the Emporium Shokuhin at Marina Square at least once in your life.

After all, we’re pretty crazy about everything Japanese. And…giant crabs.

Most times, you’d have wondered how such a large-scale supermarket survive when it doesn’t seem like they have a lot of customers.

Read Also: S’pore’s Favourite Ah Lian Salesgirl Speaks Out About Her Inspiring Story

After all, 85% of you went to the supermarket to look at the crabs, not buy stuff.

Here’s a short answer: they didn’t.

If you were to go to Marina Square shopping mall now, you’d realise that Emporium Shokuhin has shut its doors.

And Straits Times revealed that the mega-market wasn’t doing well since it first opened back in 2015.

Emporium Shokuhin in Debt Since Opening

Like what my boss always say, when a business looks like it’s not making money, it’ll either close down soon or the boss has an ATM at home to keep his ego high.

Emporium Shokuhin seems to fall into the latter.

It was reported that Emporium has been losing money since its opening in 2015. It owed about $930,000 to Marina Centre Holdings, the landlord for Marina Square shopping mall in rental and electricity charges.

The monthly rent for Emporium Shokuhin is reportedly $210,000.

Image: Imgflip

And it turned out that the landlord’s in no mood to give chances.

Over the weekend, the shopping mall repossessed the 34,000ft² premises within the mall and a sign was seen at the area, saying that “Emporium Shokuhin is closed”.

Fierce.

Whether the Emporium will open its doors once again is debatable.

Epicurean Concepts Marina Square, the company managing the Emporium has filed for judicial management.

Basically, it means they are looking for protection from creditors while they look for an investor to pump money into their business.

And you can tell that the shutdown was pretty abrupt.

A quick check on their Facebook Page revealed their latest post to be on 21 Sep, talking about fruit vinegar.

But their death bell really rang when Don Don Donki set up in Singapore.

(Article continues below) Xing Xing is a 34-year-old Singaporean lady who decides to meet up with an online friend she found in Facebook. But it turns out that he’s not what he seems to be: Prepare boxes of tissue and watch the saddest Singapore Facebook love story here:

(Since you’re here, subscribe to our YouTube Channel for more informative videos lah)

Don Don Donki Made Everything Worse

When the first outlet of Don Don Donki opened up in Dec 2017 at Orchard Central, Emporium Shokuhin was affected and their earnings dropped sharply.

After all, the mega-discount Japanese chain made headlines for visitorships, having their products sold out and more.

And the F1 Grand Prix’s recent road closure caused the business to decline even more, adding financial strain to a company that’s struggling to keep afloat.

Oh, and if you’re thinking the Emporium’s only for atas people, think again.

Apparently, there are things that are cheap in the supermarket:

Image: hardwarezone.com.sg
Image: Screengrab from Mothership.sg

Huh, who knew, right?

Guess that’s one less reason to visit Marina Square shopping mall liao.

Always bored during your commute to and fro work or school? Here’s the best solution: download our app for new articles, Facebook videos and YouTube videos that are updated daily…and most importantly, exclusive contents that are only available in our app! It’s your perfect companion for your daily commute!

Click Here to Download the App!

Over in TikTok, there’s a drama involving property agents that’s caused by us. Here’s what happened:

Read Also:

Advertisements
 
Boon Hun
Email: [email protected]
Facebook