21 Dec '11, 11pm

Home-grown business Page One to close bookstore at Vivocity in February

Home-grown business Page One to close bookstore at Vivocity in February

Home-grown book retailer Page One will close its only Singapore store on Feb 19, when its five-year lease at VivoCity runs out. The 28-year-old company's publishing arm remains unaffected. The announcement comes months after American chain Borders' demise here. -- ST PHOTO: DELON HO By Melissa Pang The chapter draws to an end for yet another of Singapore's bookstores. Its publishing arm remains unaffected and the company will continue to operate its stores in China, Hong Kong, Thailand and Taiwan - an irony, given the 28-year-old business is a home-grown one. 'Our lease is expiring and the rental is not viable. As an alternative, we thought of reconfiguring the shop space, but couldn't come to an agreement with the landlord,' said Page One Group's chief executive Mark Tan. 'It is a great loss and we are very disappointed.' Background story RENT IS TOO HIGH 'Our lease is ex...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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End of chapter for Page One bookstore #Singapore

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