Honestbee Archives - Inside Retail Asia
Struggling grocery retailer and delivery startup Honestbee has been granted a four-month debt moratorium by the Singapore High Court. While two months shorter than the protection period the company sought from the court, it allows the business to restructure free from creditor pressure. Reports by Singapore business media show Honestbee owed around US$236 million in curre…
The futuristic Habitat by Honestbee grocery retail format is set for expansion across Asia provided Honestbee can secure court protection from its creditors.
Sinking in debts of around US$180 million, Singapore grocery retailer Honestbee is seeking court protection from creditors to allow it to restructure.
Struggling grocery delivery company and grocer Honestbee has a new CEO who has promised to revive the business with the support of investors.
Honestbee Singapore is to halt food deliveries from Monday.
Honestbee CEO and cofounder Joel Sng has stepped away from the business, clearing the way for a fresh round of investment.
Honestbee has shut down or suspended operations in five countries as it seeks funding to continue to trade in its core markets, including home base Singapore.
Honestbee is freezing operations in Hong Kong and Thailand and laying off staff as it urgently seeks investment to stave off collapse.
Habitat by Honestbee in Pasir Panjang is billed as “the world’s first tech-integrated multi-sensory grocery and dining destination of its kind”.
Aeon Malaysia and Honestbee have signed a memorandum of understanding to form a business alliance.
Online grocery concierge and delivery service Honestbee Thailand has launched in Bangkok.
The Alibaba Group is set to further extend its footprint in Southeast Asia with a possible buyout of Redmart.