LifeBrandz

LifeBrandz

Postby helios » Tue Oct 07, 2008 5:26 pm

06-Oct: 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.

Source: StraitsTimes.com

:arrow: vested, this Co. has written off a lot of intangible assets over these years, developed brands in order to dispose them, it is getting quite crappy now. Chef Edward was heading Aurum in the past, don't know where is he now ...
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Re: LifeBrandz

Postby financecaptain » Tue Oct 07, 2008 5:49 pm

Company is desperate, having burnt so much monies on the franchises already. Mangement shareholders had early success (due to extreme luck) in their diet product and made their monies already in the IPO. So they were using public monies to bet on the next big thing and now the next life-line. Poor minority shareholders invest in them just when the luck ran out ...

A good lesson in buying lifestyle company shares. Like investing in movie ... a lot of glamour but at the end the more likely winners are the actors, directors, producers and maybe the audience. The lowest end of the packing order is the investor.

Lastly, Singapore is too small to support any large lifestyle company.
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Re: LifeBrandz

Postby kennynah » Tue Oct 07, 2008 7:53 pm

heng ah...never join their snobbish membership.....else waste money...
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Re: LifeBrandz

Postby sidney » Tue Oct 07, 2008 11:51 pm

I dun like going clubbing anyway. No impact to me... lol
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Re: LifeBrandz

Postby helios » Sun Jul 05, 2009 12:52 pm

there's heavy sold-off within these 2 weeks by the directors.

i wonder if there's going to be a management/ board change soon with the rights issue at 0.02c ...

vested.
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Re: LifeBrandz

Postby Aspellian » Sun Jul 05, 2009 9:47 pm

Lifebrandz a high risk high beta stock - good luck to you!

PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

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Re: LifeBrandz

Postby kennynah » Sun Jul 05, 2009 10:25 pm

why is a high risk and high beta stock?
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Re: LifeBrandz

Postby Aspellian » Sun Jul 05, 2009 11:33 pm

My impression of Lifebrandz mangement - always take huge gambles and taking shareholders for a ride, remember LifePharm - Extrim slimming pills, ministry of sound, clarke quay and a few other ventures.

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Re: LifeBrandz

Postby behappyalways » Wed Dec 19, 2018 7:41 pm

LifeBrandz 1Q losses widen on business expansion; undertakes rights issue
https://www.theedgesingapore.com/lifebr ... ghts-issue
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Re: LifeBrandz

Postby behappyalways » Sat Mar 16, 2019 1:55 pm

Lifebrandz 2Q losses widen 18% to $0.6 mil on higher sales activities, business expansion
https://www.theedgesingapore.com/lifebr ... -expansion
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