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HAHAHAHAHA!!!! Epicentre uplorry, sell all outlets for combined lelong price of 0.5 mil nia!!!!

J

Johnrambo

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Tonight can sleep soundly!!!!!

Facing stiff competition in the Singapore market, Epicentre is throwing in the towel and selling all four of its storefronts here as well as its online store to a rival Apple reseller for $516,275.

Epicentre's Catalist-listed parent Epicentre Holdings announced yesterday in a Singapore Exchange filing that it has entered a conditional sale and purchase agreement with Elush (T3), which runs iStudio.

With this sale, Epicentre will also exit the Apple Authorised Reseller and Apple Premium Reseller business in Singapore, subject to the approval of Epicentre Holdings' shareholders at an upcoming extraordinary general meeting.

Epicentre outlets are located at ION Orchard, Wheelock Place, Marina Bay Sands and Bugis Junction. Epicentre will also grant Elush (T3) the licence to use its trademarks "Epicentre" and "Live Out Loud by Epicentre" with no fees chargeable.

More at https://tinyurI.com/yafm7kkl
 
Singapore retailers camel backs on PAP to prosper, unfortunately they get CAQ PAP incompetent to boost their business.... all die of his arse cancer with him...
 
Sell everything only 500k sgd ?

I think they are like multi billion retailers.
 
my uncle say KNN epic center is a very hiao store build for show type if never close then he worry KNN
 
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I suspect EPIC is being build to wash black money.
Who will buy expensive Apple stuff in Singapore
 
congo9 said:
I suspect EPIC is being build to wash black money.
Who will buy expensive Apple stuff in Singapore
Click to expand...

Maybe their retail business collapse because there is no more PIC Bonus
 
PIC is a scam made possible by PAP trying to infuse more tax payers funds into their own GLC.

Fortunately, some SME and business men gang up and scam the PAP for PIC funding. Took back some funds.
 
congo9 said:
I suspect EPIC is being build to wash black money.
Who will buy expensive Apple stuff in Singapore
Click to expand...
my uncle also say KNN all along he suspect cash converter also washing black money. the shops look torn down with torn used items at high price KNN
 
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Only $500,000?

The business must have lots of liabilities. They are just buying the brand name.
 
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Strangely I don't recall buying anything from them since they open...Lol :D
 
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AhMeng said:
Strangely I don't recall buying anything from them since they open...Lol :biggrin:
Click to expand...

In the early days when Ipad and Iphone always soldout at online Apple Store, Epicentre is the only place that can get a local set (sim lim sells foreign sets) immediately to impress your PRC lover.
 
I remembered years ago Epicentre opened with a big bang amidst much fanfare. Young punk owner sibei howlian! Now it exits with a whimper!
 
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