- Joined
- Aug 14, 2009
- Messages
- 3,634
- Points
- 0
The chapter draws to an end for yet another of Singapore's bookstores.
Its publishing arm remains unaffected and the company will continue to operate its stores in China, Hong Kong, Thailand and Taiwan - an irony, given the 28-year-old business is a home-grown one.
'Our lease is expiring and the rental is not viable. As an alternative, we thought of reconfiguring the shop space, but couldn't come to an agreement with the landlord,' said Page One Group's chief executive Mark Tan. 'It is a great loss and we are very disappointed.'
BACKGROUND STORY
RENT IS TOO HIGH
'Our lease is expiring and the rental is not viable... It is a great loss and we are very disappointed.'
Page One Group's chief executive Mark Tan
He declined to reveal details of the 28,000 sq ft shop's contract, citing confidentiality reasons.