Up until January of this year, I was the co-owner of two restaurant bars. I say “was” because both establishments have closed down, within a few months of each other.
Commentary: It's sad when beloved businesses such as Thambi newsstand shut but nostalgia won't pay the bills
From the day the news was announced right up till the store’s closure on May 5, many took to the Internet to lament the loss of a pillar of Singapore’s retail landscape and history. Of course, there are always a few possible reasons why a business might be closing. The owner could be retiring, for example. Or perhaps the lease for the venue where the business operates is up for renewal, and the owner wants to do something different.Witnessing the closure of a cherished spot can bring a profound sense of loss. It's more than just a venue; it’s the backdrop to our community and connections.
Of course, the restaurant or shop has to provide some sort of continued value to you. There are always many new entrants in any market, and also those who continue to survive and prosper. Changes and closures are inevitable — it’s part of the business circle of life.
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