Naiise announces liquidation; founder filing personal bankruptcy

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Naiise founder Dennis Tay said he had borrowed heavily from banks to keep Naiise afloat, taking out personal guarantees for these loans. He let on that both options and time have run out for him, which lead to the liquidation.

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Homegrown retailer Naiise shuts down, founder Dennis Tay to file for personal bankruptcySINGAPORE: Homegrown multi-label retailer Naiise has shuttered due to financial difficulties, with brand partners and trade creditors still owed ... that's too bad... It's despondent to see small businesses being impacted in pandemic era the most. This situation happened globally... Failure is the mother of Success
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Retailer Naiise to go into liquidation, owner to file for bankruptcySINGAPORE — Homegrown retailer Naiise will go into liquidation soon, after ceasing all operations on Wednesday.
Source: TODAYonline - 🏆 1. / 99 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

Homegrown retailer Naiise shuts down, founder Dennis Tay to file for personal bankruptcySINGAPORE: Homegrown multi-label retailer Naiise has shuttered due to financial difficulties, with brand partners and trade creditors still owed ... that's too bad... It's despondent to see small businesses being impacted in pandemic era the most. This situation happened globally... Failure is the mother of Success
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »