Meanwhile, “the former Prive ACM outlet will be converted to a Baker & Cook outlet, which will open on Sep 4”.
“This transition is to ensure that services continue to support ACM’s visitors to the museum and the general public,” Stampe said.
Commonwealth Concepts was formed in 2021 through a joint venture between investment firm Commonwealth Capital and Far East Organization’s F&B arm, Refinery Concepts. Its stable of brands includes Baker & Cook, Fat Cow, The Marmalade Pantry, Bedrock Bar & Grill, Swissbake and PastaMania.
The Prive Group was founded in 2007 with its flagship restaurant at Keppel Bay. The group also ran nightlife spots Stereolab and Mink, both of which have ceased operations.
However, business headwinds had taken a toll. Several outlets closed earlier this year and by mid-2025, only its branches at Holland Village, Botanic Gardens and Wheelock Place remained operational, until the final closure in August.
The group also faced challenges beyond business difficulties. In 2021, its former chief executive Jean-Luc Kha Vu Han was tried for assaulting a 13-year-old boy in a shopping mall lift while drunk. He was sentenced in 2022 to two weeks’ jail and fined S$3,500 (US$2,728).
Prive’s collapse comes against the backdrop of widespread struggles in Singapore’s dining industry. F&B closures surged in 2024 and the trend has continued into 2025, leaving even established names unable to weather the storm.
