Business @ AsiaOne

Sembawang Music Centre to close

CD shop chain filing for bankruptcy after succumbing to rising rents and poor business.

Sun, Nov 01, 2009
The Straits Times

By Shuli Sudderuddin

It has been a mainstay in the music retail industry here for more than 20 years, but Sembawang Music Centre will soon sing its swansong.

The plug is being pulled after the CD shop chain succumbed to rising rents and poor business.

Said owner and founder Dave Boo, 56: 'We've liquidated the company and are filing for bankruptcy. Right now, all our energy is on clearing our stock and making as many sales as we can.'

 

 


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