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'I'm now out of time and options': Naiise founder files for bankruptcy as he winds up business

April 15, 2021
Naiise founder Dennis Tay said he had exhausted his savings and had also borrowed heavily from banks to keep the business afloat.
Lianhe Zaobao and The Straits Times
SINGAPORE - Multi-label retailer Naiise, once the biggest platform for local designers, is winding up.
It stopped operations late Wednesday night (April 14), after years of payment delays to its vendors.
In a Facebook post early Thursday morning, Naiise founder Dennis Tay announced the decision to liquidate the firm.
It has been an extremely difficult two years, and the last few weeks have been the darkest of my life, he wrote.
I cannot apologise enough to the brand partners whose trust I ve misplaced, and to whom monies are still due. I assure you all that the situation remains so because of an inability to pay, and not unwillingness. ....

Singapore General , Paya Lebar , Dennis Tay , Gallery Co , Straits Times , Jewel Changi Airport , Paya Lebar Quarter , Ong Yin Hao , Nom Plush , சிங்கப்பூர் ஜநரல் , டென்னிஸ் தாய் , கேலரி இணை , நீரிணை முறை ,

S'pore retailer Naiise to wind up, founder Dennis Tay filing for personal bankruptcy

The Straits Times
S pore retailer Naiise to wind up, founder Dennis Tay filing for personal bankruptcy
Naiise founder Dennis Tay said he had exhausted his savings and had also borrowed heavily from banks to keep the business afloat.PHOTOS: LIANHE ZAOBAO, YONG LI XUAN
https://str.sg/JynU
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Singapore General , Paya Lebar , Dennis Tay , Gallery Co , Straits Times , Jewel Changi Airport , Paya Lebar Quarter , Ong Yin Hao , Nom Plush , சிங்கப்பூர் ஜநரல் , டென்னிஸ் தாய் , கேலரி இணை , நீரிணை முறை ,

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