Fate of Marina Square's Emporium Shokuhin uncertain as debt exceeds $1m

Emporium Shokuhin at Marina Square Shopping Mall owes its landlord Marina Centre Holdings rent and electricity charges of about $930,000. The landlord took possession of the 34,000 sq ft premises over the weekend and the emporium is closed.
Emporium Shokuhin at Marina Square Shopping Mall owes its landlord Marina Centre Holdings rent and electricity charges of about $930,000. The landlord took possession of the 34,000 sq ft premises over the weekend and the emporium is closed.ST PHOTO: ALPHONSUS CHERN

It was billed as a mega emporium with markets and restaurants, a gourmet paradise catering to Singaporeans' love of all things Japanese, but the fate of Emporium Shokuhin at the Marina Square Shopping Mall now hangs in the balance.

Epicurean Concepts Marina Square, the company at the core of the emporium, filed for judicial management last week, saying it was unable to pay its debts of more than $1 million. It indicated it had a potential investor for the business, and its application for judicial management would protect it from its creditors in the meantime.

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A version of this article appeared in the print edition of The Straits Times on September 25, 2018, with the headline 'Marina Square emporium's fate uncertain as debt exceeds $1m'. Print Edition | Subscribe