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Hot on the heels of Sasa’s move to shut down all stores in Singapore, another well-loved brand is bowing out of local malls.
Home-Fix has been quietly shuttering its stores in Singapore over the past year. This week, its last two outlets in Tampines One and Tanglin Mall will be closing shop for good, marking the end of an era for the local hardware chain, according to a Business Times report.
The decision comes amid reports of financial trouble for the company, which reportedly owes creditors $19.8 million and is undergoing interim judicial management.
Home-Fix’s founder and managing director Low Cheong Kee, 55, had also embarked on a “right-sizing” exercise in recent years, reducing the number of stores in Singapore from 23 in 2014 to 16 in 2018.
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