Editorial Assistant: Prive group wiki.sg entry

2025-09-16T08:20:31Z

Prive group wiki.sg entry

New page

[[File:Prive group company logo.jpg|thumb|''Prive Group company logo. Photo from [https://sg.indeed.com/cmp/The-Priv%C3%A9-Group-3 source.]'']]
Privé Group, a well-known chain of restaurants and lifestyle dining outlets in Singapore, announced the immediate cessation of all its F&B operations as of 31 August 2025, citing external market challenges and rising operational costs as key reasons for the decision.

==Background and closure==
Founded in 2007, Privé Group grew to encompass multiple brands and venues across Singapore before encountering mounting financial pressures in a challenging F&B landscape affected by cost increases and tight margins.<ref name=":0">Seah, May. “[https://cnalifestyle.channelnewsasia.com/dining/prive-group-closes-restaurants-acm-outlets-now-under-commonwealth-concepts-470516 Prive Group closes all restaurants, Commonwealth Concepts takes over outlets located at ACM]” ''CNA Lifestyle,'' 1 September, 2025. Accessed 12 September, 2025.</ref> Its closure is viewed as part of a broader wave of F&B industry contractions in Singapore during 2024 and 2025.<ref name=":0" />

'''Closure details'''

The Privé Group disclosed in a statement that the decision was made with “great sadness” and was not taken lightly—management concluded that there was “no viable path forward.”<ref name=":1">Lee, Jeremy. “[https://mustsharenews.com/prive-shuts-down/#google_vignette Privé Group shuts down all outlets in S’pore, cites market challenges & rising operational costs]” ''MustShareNews,'' 1 September, 2025. Accessed 12 September, 2025.</ref> All Privé outlets across Singapore—including locations at Holland Village, Botanic Gardens, and Wheelock Place—were shut down.<ref name=":1" /><ref>Yap, Gracia. “[https://mothership.sg/2025/09/prive-group-shut-down/ Prive Group shuts down all restaurants in S’pore]” ''Mothership.sg,'' 1 September, 2025. Accessed 12 September, 2025.</ref>The company announced that it would appoint an independent financial advisor to manage the winding-down process and related matters.<ref name=":0" /> Two outlets located at the Asian Civilisations Museum (ACM)—namely Empress (a Chinese restaurant) and Privé at ACM—were taken over by Commonwealth Concepts. Commonwealth Concepts will continue operating Empress without service disruptions and convert the former Privé ACM outlet into a Baker & Cook restaurant, with its opening scheduled for 4 September 2025.<ref name=":0" /><ref name=":1" />

These outlets would also honour prior event bookings made before the takeover.<ref name=":0" />

'''Impact on staff'''

While most outlets were closed, some staff were retained through the Commonwealth Concepts takeover of the ACM outlets. Privé’s chairman, Yuan Oeij, noted that business had been declining since late 2023 and that operational challenges had layered over time, limiting options to keep the business afloat.<ref name=":0" />

==References/Citations==

{{reflist}}
[[Category:Singapore Brands]]

Privé Group - Revision history

Editorial Assistant: Prive group wiki.sg entry