Sakae Holdings aka lousiest sushi chain in SG to close 6 more restaurants!!!!

[micromachine]

Rising business costs have taken their toll on Sakae Holdings, operator of the Sakae Sushi chain, which has shuttered 10 of its 46 restaurants in the past few months.

The firm also has plans to cut six more by the first half of the year.

The listed company has been in loss-making mode over the last two years due to a sluggish economy and fierce competition in the food-and-beverage sector.

Its fourth-quarter net loss widened to $5.2 million from $4.7 million, while revenue fell 4.2 per cent.

The firm on Thursday said it made a provision of $3.4 million in its fourth-quarter results for the early termination of leases as it closes its non-performing restaurants.

More at http://www.tnp.sg/news/business/sakae-holdings-close-6-more-restaurants

 

[batman1]

The CEO Doughlas Foo always complain he is not able to recruit cheap cheap cheap labour in sinkeeland.

 

[TerrexLee]

douglas foo or douglas fool?

 

[batman1]

Sorry,should be doughlas Fool like April Fool.

 

[sweetiepie]

my uncle say hahahaha who ssk you pay 3 4k to dish washer.

 

[Hangover]

my uncle say hahahaha who ssk you pay 3 4k to dish washer.

 

[bobby]

At least 6 dishwashers out of job...Sakae Sushi saves at least $18,000k per month.

 

[Cottonmouth]

Douglas Fool can convert them to dog cafe since their food is fit for dogs.

 

[ToaPehGong]

They can always increase price to generate more revenue just like my government. Don't they have reserves like my government? Oh ya, cannot touch it even though they have it. Lastly, Douglas Foo should stop paying himself million dollar salary and get down from his chawamushi tower in order to understand the plight of a dishwasher. Be rich be like PAP

 

[Annunaki]

Blur fucks who had bought Sucker holding's shares are the real fools.

 

[JohnTan]

Suckit Sushi's food is bad. It is not about raising prices. I often eat premium sushi and many customers like myself have no problems with paying a bit more if the food is good. Suckit Sushi's food is bad, and its higher prices just makes the situation worse for themselves.

 

[myfoot123]

Company like this will not survive long because the boss is a PAP cock sucker, lack of innovation and heavily reliance on cheap foreign workers. Expect more of such unproductive culture to bring many SMEs into their doomsday.

 

[AntonKiasi]

KNN he had earn enough. Even closing sakae he won't starve to death

 

[tanwahtiu]

You cannot be wealthy when u a birding this site.

Poor sod hv to be PAP IB to maje peanut here.

Suckit Sushi's food is bad. It is not about raising prices. I often eat premium sushi and many customers like myself have no problems with paying a bit more if the food is good. Suckit Sushi's food is bad, and its higher prices just makes the situation worse for themselves.

 

[tanwahtiu]

Ah nehs dont work in food biz becos nothing to cheat there.

Can find ah neh in IT where they can make plenty of bad codings leaving Chinese to clean up.

If an nehs are good they shd be car mechanics, sushi cooks and so on. You dont find them here.

See. Ah neh steals jobs where they can cheats.

Company like this will not survive long because the boss is a PAP cock sucker, lack of innovation and heavily reliance on cheap foreign workers. Expect more of such unproductive culture to bring many SMEs into their doomsday.