Another one bites the dust, in less than 3 years.
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LIFEBRANDZ Ltd, a Singapore-based operator of bars and
nightclubs, said it is closing its Ministry of Sound outlet in the
city-state's Clarke Quay area, Bloomberg reported on Monday.
The licensing agreement LifeBrandz held with UK-based Ministry
of Sound International Ltd. 'was terminated according to the terms'
of the contract, the company said in a statement on Monday to the
Singapore Exchange, without elaborating.
Operations at the Clarke Quay club ceased on Monday, according
to the statement.
LifeBrandz will file a claim against Ministry of Sound
International in Singapore's High Court, the statement said. No
reason was given for the court action.
The company plans to 'redevelop the premises' into another
entertainment area different from Ministry of Sound, said the
Bloomberg report.
Two industry insiders told my paper that the
barely-three-year-old superclub would be closed for rennovations
and reopen with a brand-new concept and a new name.
A veteran DJ said he had been informed that the 40,000 sq ft
venue at Clarke Quay would sport a band-cum-DJ concept in its next
life, said my paper.
LifeBrandz is a Singapore mainboard-listed company that also
runs The Balcony bar at The Heeren and a Cafe del Mar franchise in
Sentosa.
It shut down its molecular gastronomy restaurant Aurum and its
Italian eatery bice in May and June respectively. In August,
restaurant-bar Barfly was taken over by Lunar, which LifeBrandz
still runs.
