US EditionPrive Group Closes All Restaurants, Commonwealth Concepts Takes over Outlets Located at ACM
The Prive Group cited rising operational costs and market challenges as key reasons for its closure, reflecting a broader trend with over 1,700 food and beverage businesses shutting down in 2025.
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Prive Group closes all restaurants, Commonwealth Concepts takes over outlets located at ACM
In a statement released on Monday (Sep 1), the group said that the decision "has not come lightly, and after much reflection, we’ve concluded that the combination of external market challenges and rising operational costs leaves us with no viable path forward".
Prive Closes All Restaurants In Singapore After 18 Years Of Operations
Prive Group has closed all its restaurants in Singapore Image credit: Prive via Google Maps In what seems to be the latest casualty of Singapore’s F&B scene, popular restaurant chain Prive has closed all its outlets, marking its permanent exit from the weakening industry. 10 Famous Hawkers And Restaurants That Closed Down In 2024 And 2025 The restaurant group attributes its abrupt closure to a combination of industry market challenges and rising…
Video: Prive Group shuts all outlets in latest hit to F&B industry
Restaurant operator Prive Group has closed all its restaurants and will appoint an independent financial advisor to handle the next steps. Suppliers have been told to expect further contact directly from this advisor. Meanwhile, two of its outlets will continue operations under the management of F&B group Commonwealth Concepts. Ivy Chok reports.
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