Despite Heavy Losses From Shuttered Bar, Irene Ang Spends $80K On New Thai Eatery
Her bar haemorrhages a 5-figure sum monthly as it’s forced to close during COVID-19.
The COVID-19 pandemic has f orced numerous restaurants across Singapore to shut down. Yet, even as the future for F&B businesses looks murky and eateries struggle to survive, some new ones continue to pop up against all odds.
Case in point: month-old Soi Candy, a hip noodle bar offering “traditional Northern Thai cuisine with a fun twist”. The brainchild of actress and serial entrepreneur Irene Ang, the eatery opened its doors along Tanjong Pagar Road on August 1 and Irene is banking on her foresight and “luck with F&B businesses” to make it work.
Not that things are going swimmingly well for her other two F&B businesses, FRY Bistro and Bar Naked (she also owns artiste management agency FLY Entertainment and maid agency Femme5) at the moment, though. Both located at Club Street, business at FRY Bistro dropped 80 per cent during the Circuit Breaker and is now “back to around 70 per cent of pre-COVID-19 levels”, while Bar Naked has been closed since March as part of pandemic control measures.
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