“The only thing going for us in terms of cash flow were our retail shops. So, at that time, our focus was to control cash flow,” says Fenton Foo, CEO and executive director of RE&S.
Many companies, especially those in the retail, tourism and F&B sectors, faced one of the biggest challenges of their lives when Covid-19 struck last year.
One of them was Japanese F&B operator RE&S Holdings. A day after its &Joy Dining Hall in Great World City opened, Singapore declared DORSCON Orange. Then came March with more controls in place and the lockdown in April, shutting down most of its restaurants.
