Aquanova gone belly up

[JR8]

For heaven's sake, I hope you really didn't go there yourself....

Lynx! Look me in the eyes and repeat that!!

No, it was Mrs. JR8 that had that 'privilege', an auntie-duty. I was invited, but wouldn't be seen dead at such an event . In fact IIRC my reply was 'No thanks, I'd rather castrate myself than go and see them'

[ecureilx]

Maybe folk are finally getting fed up of paying $25 for a pint ...........

No kidding. But who owns the head-leases at CQ, that was the largest factor that ran them into the ground? ...

Oh and limiting their alcohol license hours. The death-knell for them in turning a net profit.

the new drinking laws kick in from April, and some felt that may be helping struggling pubs competing with 7-11 and Cheers ..

BTW, I heard, on top of rental, the landlord of CQ takes a cut of the GROSS SALE .. now hows' that for loss on a loss ??

If your POS doesn't link to their system, they work out an arbitrary amount, from what I know from guys who were run to the ground operating in CQ

[retroman]

i go to AquaNova quite often and their business seems good

might be the ever increasing high rental problem

[ecureilx]

i go to AquaNova quite often and their business seems good

might be the ever increasing high rental problem

you mean 'seemed' good ??

[retroman]

i go to AquaNova quite often and their business seems good

might be the ever increasing high rental problem

you mean 'seemed' good ??

the outside area was normally full when i go

Highlander business "seems" good as well lol

[the lynx]

Looks like MOM court could only fight for half of the employees affected by this. The rest had to go to Small Claims Tribunal instead. I think MOM can only pursue your case if you are not on contract.

Heard one Mulligan's ex-employee attempted suicide at Singapore River in desperation. He survived (unfortunately or fortunately, that's subjective). Wasn't covered by the media though. He is now under arrest for attempted suicide.

I felt like telling the police that they would be going after the employer who drove him to suicide. Why is the victim being prosecuted here?!

[ecureilx]

Looks like MOM court could only fight for half of the employees affected by this. The rest had to go to Small Claims Tribunal instead. I think MOM can only pursue your case if you are not on contract.

Heard one Mulligan's ex-employee attempted suicide at Singapore River in desperation. He survived (unfortunately or fortunately, that's subjective). Wasn't covered by the media though. He is now under arrest for attempted suicide.

I felt like telling the police that they would be going after the employer who drove him to suicide. Why is the victim being prosecuted here?!

And even silly that Lifebrandz washed their hands off, saying they sub-con'd it to Massive !

In fact pubs open and close, including a few big brands recently, but the Aquanova crew had not even been given a warning of things .. that's what possibly hurt more than a few. Or a 1 month notice served would have helped tide over those struggling, albeit temporarily

MOM should set up a fund to pay off staff like this, and also those cheated Foreign workers, to pay them first while the employer gets prosecuted.

"The employees said they were hired by Cannery Leisure, Brandz+, Tribeca Leisure and Lux Leisure - companies owned by LifeBrandz. - See more at: http://www.straitstimes.com/news/singap ... PoUvY.dpuf"

[rajagainstthemachine]

heh!

He said: "Having considered the intense competition that the subsidiaries have been facing and continues to face, the trend of diminishing crowd spending and the impact of the restriction on liquor licensing hours, the Board has determined that the operations of the affected venues is presently not sustainable or commercially viable, and that the named subsidiaries cannot continue as a going concern."

[ecureilx]

heh!

He said: "Having considered the intense competition that the subsidiaries have been facing and continues to face, the trend of diminishing crowd spending and the impact of the restriction on liquor licensing hours, the Board has determined that the operations of the affected venues is presently not sustainable or commercially viable, and that the named subsidiaries cannot continue as a going concern."

Lucky investors

Hidden somewhere is the fact that they took public money, public listed, 16 mil $ to be precise, and had a good bit of experience on how to loose money ..

And meanwhile there are other large pub operators who trim their losses when things get tough and manage to run, some having crossed over 10 years plus in the business, with a minor expansion or minor contraction ..

[Sporkin]

Really looks different around the fountain area now that aquanova and Mulligan's closed. Lucky pump room is still there, like their IPA