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April 17, 2021 Naiise founder Dennis Tay has announced he is liquidating the company and filing for personal bankruptcy. The Straits Times SINGAPORE - Accusations of sob stories and delayed as well as missing payments are emerging from suppliers and partners of beleaguered retailer Naiise a day after founder Dennis Tay announced he was liquidating the company and filing for personal bankruptcy. Several brand owners took to social media to express frustration at how Mr Tay blamed Covid-19 for poor business and the company's undoing. Many said late and missing payments and mismanagement of fu...
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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 l...
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 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months.