Delivery Hero-Backed Flash Coffee Exits Singapore to Cut Costs
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Flash Coffee, a grab-and-go coffee chain backed by Delivery Hero SE, has closed its stores in Singapore to curb costs as it works toward profitability.
The Singapore-based company filed a notice with local regulators this week, saying it’s unable to continue operating because of its liabilities. The chain, which has about 200 stores globally, will shutter all its 11 locations in the city-state, it said in a statement on Friday.