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Naiise preparing to close its doors at its last outlet at Jewel. TNP PHOTO: YONG LI XUAN
Apr 12, 2021 06:00 am
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Multi-label retailer Naiise may wind up after years of payment delays to its vendors. It said last Friday it is closing its remaining store at Jewel Changi Airport.
Jewel confirmed to The Straits Times on Saturday that the retailer will be closing its outlet at the airport mall. A tenant has been found to take over the space, its spokesman said. The identity of the tenant will be revealed when the store is ready to open.
In a video posted on Facebook on Friday by debt collectors, Naiise founder Dennis Tay could be seen explaining that he is unable to repay its client Bespoke Parfums Artisanaux, which said it is owed about $10,000.
Local retailer Naiise closes last store at Jewel Changi, owes vendors over $30k, may wind up operations
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Local retailer Naiise closes last store at Jewel Changi, may wind up operations
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