FoodXervices bet S$50M on a new HQ weeks before COVID — it never recovered (interview)
The 92-year-old Singapore food distributor opened a five-times-bigger, 80%-debt-financed HQ in 2020; sales fell 90% overnight; it liquidated in 2026.
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The 92-year-old Singapore food distributor opened a five-times-bigger, 80%-debt-financed HQ in 2020; sales fell 90% overnight; it liquidated in 2026.
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