Lifebrandz Ltd. (SG:1D3) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
LifeBrandz Ltd. has announced the closure of their Superfood Kitchen outlet at Changi Airport Terminal 3 due to persistent operational challenges, including high costs and poor sales. The company will incur a one-off cost of approximately S$26,000 for early lease termination and other associated expenses. LifeBrandz will continue to assess the performance of their remaining outlets and update shareholders on any further decisions.
For further insights into SG:1D3 stock, check out TipRanks’ Stock Analysis page.