Earlier in April, homegrown multi-label retailer Naiise closed its last and largest outlet at Jewel Changi Airport as it struggles to repay its vendors, some of whom are owed about S$10,000.
Naiise has been defaulting on payments since 2016 and earlier in January last year, some homegrown brands were pulling out of its online and physical stores due to payment delays of up to a year.
Following widespread news of its financial struggles, Naiise founder Dennis Tay announced the decision to liquidate the business after eight years of operation. Naiise had ceased operations on April 14.
He also revealed then that he is filing for personal bankruptcy.
Fast forward to five months later, Naiise announced on its social media platforms today (September 16) that it is “coming back online”.
It will be relaunching its website tonight at 9pm.
“We’re gonna continue our mission in championing local creatives, designers and artisans. Come on a journey with us as we inspire creativity and connect communities!” said the company.
This comeback is not too surprising as the previously-defunct website had the words “opening soon” emblazoned across. It also urged those who are keen to be notified of when the company reopens to leave their email address.
Vulcan Post has reached out to Naiise for more details on this relaunch.
Featured Image Credit: Naiise
S’pore Retailer Naiise Has Ceased Operations – Founder To File For “Personal Bankruptcy”
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