A Major Shake-up for Singapore’s Dining Scene!

In a shocking twist for food enthusiasts, the Prive Group has announced the closure of all its upscale restaurants, marking a grim milestone in the ever-challenging food and beverage landscape of 2025.

As communicated to suppliers, the group will officially cease operations on August 31, with plans to appoint an independent financial advisor to manage the transition. The message was clear, emphasizing patience as they navigate this abrupt change.

From High Hopes to Heartbreak: The Rise and Fall of Prive Group

Founded in 2007 with a single restaurant at Keppel Bay, the Prive Group initially thrived, expanding into a beloved brand known for its delightful brunch offerings and vibrant cafe culture. Yet, recent years have been fraught with turbulence as they succumbed to overwhelming operational costs and a dwindling customer base.

By August 31, their portfolio included five popular locations, including Prive at Holland Village and the renowned Empress at the Asian Civilisations Museum. However, the future of the establishments at the museum appears secure, as Commonwealth Concepts will take over from September 1.

An Industry in Crisis: The Ripple Effects of Restaurant Closures

The fallout isn’t unique to Prive Group; the entire restaurant sector in Singapore is facing unprecedented challenges. As diners hesitate to spend, with many opting to indulge overseas or tighten their budgets, closures are becoming alarmingly common.

Data shows that in 2024 alone, nearly 3,050 food businesses shut their doors, a staggering figure that highlights the crisis gripping the industry. 2025 has proven no better, with over 1,700 restaurants already closing, including renowned one-Michelin-starred establishments like Euphoria and Alma.

Notable Casualties in the F&B Landscape

This year, Singapore has seen an array of iconic dining spots fall by the wayside. From trendy ramen joints like Kanada-Ya to acclaimed Japanese eateries, the losses continue to mount. Even popular chains like Eggslut and the hotpot giant Haidilao are not exempt, signaling a broader trend affecting all facets of the food industry.

What Lies Ahead: More Closures Expected!

As the dust settles from Prive’s closure, more restaurant closures loom on the horizon, with establishments like Ka-Soh and Flourish Bakehouse likely to follow suit. This wave of losses is reshaping Singapore’s dining landscape, leaving many to wonder what the future holds for food lovers in the Lion City.

Stay tuned as we keep a close eye on this ever-evolving story in the Singapore food scene, where each closure not only represents a lost dining experience but also a deepening crisis in the industry.