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F&B operators face tougher business landscape amid rising costs and stiff competition
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Mr David Yang, chief executive officer of Paul Asia-Pacific, said the F&B landscape has been challenging in recent years.
ST PHOTO: CHONG JUN LIANG
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SINGAPORE - Amid rising costs and stiff competition in the food and beverage sector, French bakery Paul recently reopened its newly renovated flagship Takashimaya outlet.
It spent $1.2 million on the relocation and expansion of the outlet, which has moved from the third floor of the Orchard Road mall to the fourth.
