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Stocks missing and payments defaulted; Naiise vendors prepare for loss SINGAPORE – Creative marketplace Naiise, once having 25,000 square feet of retail space across Singapore, closed its last remaining physical store at Jewel Changi on 11 April. Dubbed themselves as a space “where creatives, makers and customers can connect with each other”, Naiise was “serving more than 200,000 customers each month” online and offline previously. With the pandemic affecting physical stores’ sales, the retailer will operate solely on their online platform. However, it has since come to light that founder Dennis Tay had owed multiple vendors payments from the sales of their goods, with some since pre-COVID-19. ....
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