COVID-19 has left Singapore’s F&B industry in a catastrophic mess, especially after dining out was banned during the Circuit Breaker period. Eateries have been struggling to make ends meet and despite many of them still allowing takeaway or delivery, it is not always enough.
So, it isn’t surprising that a number of these dining establishments have had to shut their doors and leave Singapore’s F&B industry. Over the past few months, we’ve heard of the closing of a number of reputable restaurants across our little red dot and it is truly heartbreaking.
Just recently, there have been rumours that Stärker Group has become one of the next casualties of the pandemic. Are these, however, true? We will find out by 10 June 2020.
For a little context, the Stärker Group owns a chain of German bistros and restaurants that specialises in German-style fresh beer and hearty sharing platters that you can enjoy with some live music.
The Stärker Group has put a notice up on their social media platforms stating that they are temporarily closed during the pandemic period, but there have been no updates since, which has caused plenty of speculation.
We’ve recently discovered that a “Notice of Creditors Meeting” under section 209 of the Companies Act has been put up for “Stärker Brewery Pte. Ltd” and “Stärker F&B Pte. Ltd.”, and that a fully electronic meeting conducted by video-conference will decide their fate. This meeting will be held on 10 June 2020 at 3pm and 4pm and will discuss the company’s affairs, estimate amounts of creditors’ claims, appointing a liquidator, appointing a committee of inspection and any other business.