Thursday, February 29, 2024
Homecompanies marketsFlash Coffee owes $14.9m to about 120 creditors, including former employees

Flash Coffee owes $14.9m to about 120 creditors, including former employees

SINGAPORE – Around 120 creditors are owed $14.9 million by the Singapore arm of coffee start-up Flash Coffee, which abruptly closed all 11 of its outlets in the Republic in October.

In response to queries from The Straits Times, Flash Coffee’s provisional liquidator BDO Advisory said on Thursday that the largest amount owed, about $13.4 million, is to Digital Services SG Four, the start-up’s holding company.

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