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The Big Read: COVID-19 decimated their promising business, but some entrepreneurs aren’t afraid to try again Toggle share menu
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The Big Read: COVID-19 decimated their promising business, but some entrepreneurs aren’t afraid to try again
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The Big Read: COVID-19 decimated their promising business, but some entrepreneurs aren’t afraid to try again Although every crisis has its fair share of businesses going bust even as it throws up new opportunities the impact of the pandemic-induced economic downturn has been unusually severe, say business leaders and experts.
Although every crisis has its fair share of businesses going bust even as it throws up new opportunities the impact of the pandemic-induced economic downturn has been unusually severe, say business leaders and experts. (Illustration: Anam Musta’ein/TODAY)
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.