RHTLaw Taylor Wessing’s Partner and Head of Consumer Brands Industry Group, Rizwi Wun was quoted in The Business Times article titled “Too many cooks: The heat is on in the catering business”.
The article was first published in The Business Times on 26 January 2019.
Too many cooks: The heat is on in the catering business
Competition reaches boiling point in the catering business. Is it a case of too many cooks?
Source: The Business Times
Date: 26 January 2019
Author: Annabeth Leow
Rizwi Wun, who heads the consumer brands industry group at RHTLaw Taylor Wessing, identified higher costs and a failure to adapt as key challenges for local caterers. “In some cases, this has led some businesses to close down,” he adds.
“With sufficient resources, consolidation through M&As could be a solution if it supports a company’s corporate strategy. Larger players can acquire niche caterers to pursue a multi-brand strategy in an effort to capture more segments of the market. Furthermore, food manufacturers and other related suppliers are also prime takeover targets for caterers to achieve greater economies of scale across the value chain.
“Smaller players without the same financial resources should turn to alternative means to survive.”
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