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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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Founder Dennis Tay cited the inability to recover from the pandemic as a reason for the closure,
First opened in May 2019, the 9,500 square feet two-storey Naiise Iconic store at Jewel Changi showcased products by Singapore designers. Image by Naiise on Facebook.
Owed vendors up to S$10,000
According to
Today, some of Naiise s vendors are owed up to S$10,000 by the retailer.
A private Facebook group, Naiise Vendors, that started in July 2020, consists of 144 current and former Naiise vendors to gathered to discuss their issues.
Wendy Wang, 35, the former owner of Canvas Avenue which sold handmade wooden accessories and printed clothing, first posted about her issues with Naiise on Jun. 25, 2020.