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Klaus, a gift retailer, downsized from six to two outlets last year, mainly due to rent challenges. The landlord's refusal to offer favorable terms led Klaus to decide against renewing leases, moving instead to focus on online sales. The company has avoided bank loans, maintaining a lean team and more time to strategize.
Similarly, Plush Castle Restaurant is exploring expansion beyond Singapore, aiming to manufacture products and scale up overseas. Many Singapore brands find momentum in markets like Indonesia, Manila, Vietnam, and China, where their products and dining concepts are gaining popularity.