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Naiise founder Dennis Tay said last night that he was putting his business into liquidation and filing for bankruptcy, days after word got out that the 9,500 sq ft store at Jewel Changi Airport was closing for good amid thousands of dollars owed to multiple vendors, who were mostly homegrown brands.
“Unfortunately, I am now out of time and options. Today, I made the decision to put Naiise in liquidation. In short order, I will also be filing for personal bankruptcy,” Tay wrote online last night, adding that he had “exhausted” his savings and borrowed“heavily” from banks to repay creditors and save the business.
............ Debt collectors hired by perfume brand Bespoke Parfums Artisanaux also confronted Tay at the Jewel Changi Airport carpark on Friday, asking for the roughly S$10,000 owed.
More at https://tinyurI.com/5p32xpau
“Unfortunately, I am now out of time and options. Today, I made the decision to put Naiise in liquidation. In short order, I will also be filing for personal bankruptcy,” Tay wrote online last night, adding that he had “exhausted” his savings and borrowed“heavily” from banks to repay creditors and save the business.
............ Debt collectors hired by perfume brand Bespoke Parfums Artisanaux also confronted Tay at the Jewel Changi Airport carpark on Friday, asking for the roughly S$10,000 owed.
More at https://tinyurI.com/5p32xpau
