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Great F&B shake-up: Culling of fine-dining restaurants, more banking on casual concepts
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One-Michelin-starred Sommer shuts on Oct 26.
PHOTO: SOMMER
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SINGAPORE – As the last quarter of 2024 approaches, consolidation seems to be the watchword of the embattled food and beverage (F&B) industry here, with many players struggling to make it to the end of this lean year.
Some restaurant groups are culling their fine-dining concepts and introducing more casual options
