Marina Square’s Emporium Shokuhin has been closed after the landlord took back possession of the site last weekend.
According to a report in the Straits Times, Marina Square operator Marina Centre Holdings is owed about $930,000 in overdue rent and electricity charges
Meanwhile, Epicurean Concepts Marina Square, has filed for judicial management saying it is unable to pay debts exceeding $1 million. However it suggested there was hope for the venue to be revived with talks underway with a prospective Thai investor which would allow it to meet its debts and reopen. Judicial management would afford protection from creditors while those negotiations were completed.
The 34,000sqft retail site, which opened in 2015, was billed as a “mega emporium” specialising in Japanese food and goods. It included a live seafood market, a Japanese gourmet grocer and a beef-ageing room.
According to the Straits Times article, the business has been operating at a loss its entire life and sales dropped sharply after Japanese discount chain Don Don Donki opened its first store at Orchard Central last December.
Andrew Grimmett and Lim Loo Khoon of Deloitte & Touche were appointed interim judicial managers by the High Court, pending the hearing of the judicial management application on October 11.