Prive Group shuts all its outlets, the latest F&B casualty in S'pore

The Prive Group has closed all its restaurants in what has been a brutal 2025 for the food and beverage industry.

- Tan Hsueh Yun

Two of its five restaurants, both located at the Asian Civilisations Museum (ACM), will be taken over by Commonwealth Concepts, which operates food brands such as Fat Cow, Pasta Mania, Bedrock Bar & Grill, Swissbake and Baker & Cook.

Prive chairman Yuan Oeij, 55, told The Straits Times that the combination of challenging market conditions coupled with rising operational costs led to the closures. He said: "Business started slowing down noticeably towards the end of 2023 and just got worse each year."

ST found out about the closures from a text message the group sent to its suppliers, informing them that the restaurants will close on Aug 31.

"We will be appointing a professional independent financial adviser who will contact you in due course," the message read. "Please note that any next steps will be handled through this adviser, and we ask for your patience as we work through this transition."