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Singapore News - Spinelli Coffee Company is shutting all six of its remaining outlets in Singapore, 27 years after it made its debut in the city-state, The Business Times has learnt. The American-style coffee chain is operated by Singapore-based YTC Corporation, which owns... Read more at www.tnp.sg
SINGAPORE — The Spinelli Coffee chain will close its remaining six outlets here by the end of 2023, it was reported on Nov 29. The two branches at the National University of Singapore's campus will shut on Dec 15, while the outlets at Changi Business Park and One Raffles Quay are understood to be closing soon. Spinelli's website indicates that...
Spinelli incurred losses from 2018 to 2022, according to filings seen by BT. Read more at straitstimes.com.
Investment in Singapore real estate climbed to S$20.2 billion ($14.5 billion) in the first half of 2022, up by 89 percent from 2021.