shut down Archives - MARKETECH APAC https://marketech-apac.com/tag/shut-down/ Making Marketing for all Wed, 01 Apr 2026 02:53:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://marketech-apac.com/wp-content/uploads/2023/05/marketech-icon.png shut down Archives - MARKETECH APAC https://marketech-apac.com/tag/shut-down/ 32 32 Fitbit Singapore to shut down as Google completes brand integration https://marketech-apac.com/fitbit-singapore-to-shut-down-as-google-completes-brand-integration/ Wed, 01 Apr 2026 02:53:48 +0000 https://marketech-apac.com/?p=138849 Singapore – Fitbit’s corporate presence in Singapore is set to be dissolved, with its local entity undergoing voluntary liquidation as parent firm Google continues to absorb the fitness tracker brand into its global operations. A notice in the Government Gazette confirmed the appointment of liquidators for Fitbit Singapore. Meanwhile, regulatory filings with the Accounting and […]

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Singapore – Fitbit’s corporate presence in Singapore is set to be dissolved, with its local entity undergoing voluntary liquidation as parent firm Google continues to absorb the fitness tracker brand into its global operations.

A notice in the Government Gazette confirmed the appointment of liquidators for Fitbit Singapore.

Meanwhile, regulatory filings with the Accounting and Corporate Regulatory Authority show the company is in the process of being wound up, as reported by The Strait Times.

The move comes more than a decade after Fitbit established its presence in Singapore in 2015, and follows its acquisition by Google’s parent, Alphabet Inc., in a US$2.1 billion deal completed in 2021.

Since the acquisition, Fitbit’s operations have been progressively integrated into Google’s devices and services portfolio. 

Its health and fitness tracking features now form part of Google’s wearables push, including its Pixel Watch lineup, as the company expands its footprint in the competitive smartwatch segment.

Consumers are not expected to be affected by the development. Fitbit-branded devices will continue to function, with support and services maintained under Google’s ecosystem.

Fitbit’s transition from an independent brand to part of Google’s broader strategy reflects wider industry shifts, as tech giants prioritise scale, platform integration, and recurring services over standalone hardware businesses.

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Heineken to tap regional breweries as Singapore exits large-scale beer production https://marketech-apac.com/heineken-to-tap-regional-breweries-as-singapore-exits-large-scale-beer-production/ Thu, 26 Mar 2026 08:24:46 +0000 https://marketech-apac.com/?p=138408 Singapore – After decades of brewing on home soil, Heineken is preparing to pull back from large-scale production in Singapore, recasting the city as a hub for brand and distribution rather than the brew itself. The company said it will progressively wind down brewing operations by end-2027, shifting production of Tiger Beer to facilities in […]

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Singapore After decades of brewing on home soil, Heineken is preparing to pull back from large-scale production in Singapore, recasting the city as a hub for brand and distribution rather than the brew itself.

The company said it will progressively wind down brewing operations by end-2027, shifting production of Tiger Beer to facilities in Malaysia and Vietnam. 

In its place, Singapore will run on an import-led model—with supply flowing in from across Heineken’s Southeast Asian network.

“Singapore will remain the global brand home for Tiger Beer,” said the company. “We are strengthening Singapore’s role as a regional hub, focusing on innovation, marketing, and supply chain capabilities.”

The move comes as brewers, like many manufacturers, chase better margins by consolidating production where costs are lower and volumes can scale. 

“We remain committed to Singapore,” the company added. “Our presence here will continue to be anchored by our people, our brands, and our long-term investments.”

Beyond the vats and fermenters, the Tuas site will be repurposed into a base for logistics and innovation—less brewhouse, more control tower. 

First brewed in 1932, Tiger Beer has grown into a global label sold in more than 70 markets. Its identity will remain rooted in Singapore, Heineken said, even as the beer itself is brewed offshore.

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Robinsons Retail to close all No Brand stores in PH by June 2026 https://marketech-apac.com/robinsons-retail-to-close-all-no-brand-stores-in-ph-by-june-2026/ Thu, 26 Mar 2026 03:28:00 +0000 https://marketech-apac.com/?p=138348 Manila, Philippines – Robinsons Retail Holdings Inc. (RRHI) will close all 11 of its standalone No Brand stores in the Philippines by the end of June 2026. The Gokongwei-led retailer confirmed on Wednesday. The decision marks the end of its partnership with South Korea’s Emart, the owner of the No Brand label. The move comes […]

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Manila, Philippines Robinsons Retail Holdings Inc. (RRHI) will close all 11 of its standalone No Brand stores in the Philippines by the end of June 2026.

The Gokongwei-led retailer confirmed on Wednesday. The decision marks the end of its partnership with South Korea’s Emart, the owner of the No Brand label.

The move comes as RRHI seeks to simplify its sprawling portfolio and concentrate on higher-performing formats, including supermarkets, convenience stores, specialty retail outlets, and franchised drug store branches.

“No Brand accounts for approximately 0.2 percent of annual net sales and constitutes a very small portion of the Company’s total assets,” noted Stanley C. Co, RRHI president and chief executive officer

He added, “Our focus remains on meeting customer needs by providing relevant assortments in the most appropriate formats.”

Launched in 2019 under a master franchise agreement with Emart, No Brand stores offered private-label products positioned as affordable alternatives. 

However, shifting consumer preferences and footfall patterns have prompted RRHI to wind down operations gradually over the next few months.

RRHI expressed gratitude to Emart for the partnership while emphasising that the exit from smaller, less impactful segments would not materially affect its financial performance.

By the end of 2025, RRHI operated more than 2,700 company-owned stores across the Philippines, making the No Brand footprint a fraction of its total network. 

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The Providore Singapore ceases operations across all outlets https://marketech-apac.com/the-providore-singapore-ceases-operations-across-all-outlets/ Fri, 13 Mar 2026 01:17:15 +0000 https://marketech-apac.com/?p=137097 Singapore – Lifestyle food and beverage brand The Providore has ceased operations in Singapore, announcing the closure of all its outlets on 9 March 2026. The homegrown café, deli, grocer, and bakery shared the update through its official Instagram account, thanking customers for their support over the years.  “Partings come, but flavour and memories last […]

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Singapore – Lifestyle food and beverage brand The Providore has ceased operations in Singapore, announcing the closure of all its outlets on 9 March 2026.

The homegrown café, deli, grocer, and bakery shared the update through its official Instagram account, thanking customers for their support over the years. 

“Partings come, but flavour and memories last forever,” the brand wrote in the post, adding that it “look[s] forward to meeting you again in another form in the future.”

Founded in 2013, The Providore built a reputation for premium food offerings and a curated retail concept that combined restaurant dining with deli, grocery, and bakery selections. 

In 2025, founder Robert Collick exited the business, with the chain sold to new investors, Vino Vibe Pte. Ltd.

Over the years, it operated outlets in several prominent locations, including Mandarin Gallery, VivoCity, and Raffles Place, becoming a familiar destination for food enthusiasts in the city-state.

The company did not disclose the reason for the closure.

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H&M to close 250 stores by 2021 https://marketech-apac.com/h-m-to-close-250-stores/ Fri, 02 Oct 2020 09:04:06 +0000 https://marketech-apac.com/?p=3643 The fast-fashion brand has been closing down stores since the pandemic struck early this year.

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Sweden – The Swedish-grown fast-fashion brand H & M has revealed in its nine-month financial report that it will be shutting down 250 of its physical stores by 2021.

H & M disclosed that it has been putting stores into temporary closure since March due to the negative impact on sales development brought about by the pandemic, where at most, approximately 80 percent of the group’s stores have been shut down.

CEO Helena Helmersson said that the coronavirus outbreak prompted more customers to start shopping online during the pandemic, and they are making it clear that they value a convenient and inspiring experience in which physical stores and online channels interact and strengthen each other.

“The substantial investments made in recent years have been very important for our recovery and we are now accelerating our transformation work further to meet customers’ expectations. We are increasing digital investments, accelerating store consolidation, and making the channels further integrated. To ensure that our offerings are relevant to customers and improve availability in all channels, speed and flexibility will be even more important in the future, particularly in the supply chain.”

Currently, the brand operates its own online shopping website, www2.hm.com.

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