Shake Shack Archives - Inside Retail Singapore
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International.
US fast-food chain A&W Singapore, famous for its draft root beer, root beer floats and burgers, is tipped to open at Jewel, Changi.
A Shake Shack Singapore store is reportedly planned for the Jewel Changi Airport shopping centre.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Despite lower supermarket and hypermarket sales, Dairy Farm International Holdings has posted solid first-half profit growth.