“This is something we feel we have to address as a small business in Singapore,” reads the caption on a May 7 post. “We’ve been in business for close to 16 years now, since 2010. We’ve had our ups and downs. We’ve faced the manpower crisis of 2017 (still ongoing in fact), we’ve seen food costs soar, and we can handle them. That’s what being in business entails, overcoming obstacles as they come and try your hardest to hold on to your principles.”
Listed F&B operators are heading for the door, while retail REITs are hungry for more. Do investors still have an appetite for the sector?
Breaking from the usual swirl of pastel-coloured cakes, one post on Flor Patisserie’s Instagram page stands out. “Sorry... it’s not a cake post” — a single grey tile, packed with white text, sharply contrasts with the pinks, greens and purples on the local bakery and cake store’s social media feed.
