After two decades of selling craft products and more in Singapore, Papermarket will be closing.
The homegrown lifestyle store, founded by entrepreneur Elaine Ong, broke the news in an Instagram post on April 30.
“After 20 years, this is the hardest post we’ve had to write,” the team wrote.
“We’ve done everything we could to keep going, including months of difficult conversations behind the scenes. But with rising costs, it is no longer sustainable for us to continue as a small, homegrown brand.”
While the Papermarket team will miss the physical store space, they said they will miss the people most.
“Our team, many of whom have been with us for years, have served you with heart, care, and genuine friendships.”
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Papermarket did not indicate a date for its final day of business at Great World.
To mark the end of an era, the store will hold a final sale, offering up to 70 per cent off items.
The furniture and display fixtures will also be available, but interested parties will need to do a self-collection.
