Latest news with #JeanLow
CNA
01-07-2025
- Business
- CNA
Singapore private club 1880 to reopen weeks after sudden closure
SINGAPORE: Singapore private members' club 1880 will reopen in August, just weeks after announcing that it would close permanently and enter liquidation. In response to CNA's queries on Tuesday (Jul 1), a spokesperson confirmed that the new club would open next month and occupy the same Robertson Quay space as its predecessor. The spokesperson also said that more than "90 per cent" of the employees who had worked at the shuttered club would return. However, the three co-founders of 1880 - Mr Marc Nicholson, Ms Jean Low, and Mr Luke Jones - will not be involved in the new venture. Tsoler Jekalian, the club's general manager, said: "We can't wait to welcome former 1880 members back to their home away from home." Current club members will also be given the option to carry over their memberships to the new club without any joining fees. Although no new amenities were disclosed ahead of the club's reopening, Ms Jekalian promised a "more vibrant, elevated" experience. 1880 CLOSED IN JUNE The Singapore club closed shortly after 1880 shuttered its Hong Kong branch on May 30, less than a year after opening. In an email to members seen by CNA, 1880 said last month it was shutting down because spending and visits by its members had been "trending down", while its efforts to secure new investors or a buyer for the club ultimately fell through. With no further funds to pay its staff or suppliers, 1880 added it had "no alternative but to close". The email also alluded to expansion as a reason for the business' failure and said that the club's holding company, 38 Degrees and operating company 1880, had been placed into provisional liquidation. The club had offered social events and spaces, including a restaurant, bar, spa and co-working space. Past speakers it had hosted include former Foreign Affairs Minister George Yeo, veteran diplomats Kishore Mahbubani and Bilahari Kausikan, and the host of Netflix series Mind Your Manners, Sara Jane Ho. South China Morning Post previously reported that 1880 Hong Kong had entered liquidation with debts of about HK$20 million (US$2.5 million).
Yahoo
21-06-2025
- Business
- Yahoo
Singapore members club 1880's staff In bid to revive firm: BT
By Yongchang Chin (Bloomberg) – The staff of Singapore private members club 1880 have made an offer to buy the club's assets with the backing of its landlord RB Corp, a member of RB Capital Group, according to The Business Times. The consortium has made an offer to buy 1880's assets, the newspaper said, citing one unnamed source. 1880's local business in Singapore was profitable, but the club had got into debt after its aggressive expansion into Hong Kong and Bali: BTT The Hong Kong outlet closed on May 30; the Bali outlet, a six-floor beachside hotel, never opened. The bid to revive 1880 will exclude any involvement from the three co-founders, Marc Nicholson, his wife Jean Low, as well as Luke Jones. More stories like this are available on ©2025 Bloomberg L.P.
