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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 funds have been a problem since as early as 2016, calling into question Tay s intentions.

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