{"id":9520,"date":"2021-04-16T10:47:57","date_gmt":"2021-04-16T10:47:57","guid":{"rendered":"http:\/\/www.visakanv.com\/sg\/?p=9520"},"modified":"2021-07-15T04:29:45","modified_gmt":"2021-07-15T04:29:45","slug":"naiise","status":"publish","type":"post","link":"https:\/\/www.visakanv.com\/sg\/naiise\/","title":{"rendered":"Naiise"},"content":{"rendered":"\n

Update: see notnaiise.wordpress.com<\/a><\/em><\/p>\n\n\n\n

2015<\/p>\n\n\n\n

Naiise goes big with largest store opening at Central<\/a> (todayonline.com) “Can someone give Naiise’s founder Dennis Tay and his team a trophy?”<\/p>\n\n\n\n

2016<\/p>\n\n\n\n

Who says Singapore designs don’t sell?<\/a> (straitstimes.com)<\/p>\n\n\n\n

Five Places to Shop in Singapore<\/a> (nytimes.com)<\/p>\n\n\n\n

2017<\/p>\n\n\n\n

How Lombok is an island of respite for Naiise’s Amanda Eng and Dennis Tay<\/a> (thepeakmagazine.com.sg)<\/p>\n\n\n\n

Weekend Interview: Dennis Tay<\/a> (businesstimes.com.sg)<\/p>\n\n\n\n

2018<\/p>\n\n\n\n

Naiise defaulting on payments since 2016<\/a> (tnp.sg)<\/p>\n\n\n\n

Chasing The Entrepreneur Dream With Naiise’s Dennis Tay<\/a> (sg.asiatatler.com)<\/p>\n\n\n\n

2020<\/p>\n\n\n\n

List of Employers Convicted under the Central Provident Fund Act<\/a> (mom.gov.sg) \u2013 Naiise fined $8,000 for 8 charges of late payment of CPF contribution for employees (S\/N 82)<\/p>\n\n\n\n

Some local brands pull out of Naiise due to payment delays of up to a year<\/a> (straitstimes.com)<\/p>\n\n\n\n

Naiise, citing economic impact of Covid-19, pulls out early of running Design Orchard retail showcase<\/a> (straitstimes.com)<\/p>\n\n\n\n

Naiise to shutter Paya Lebar outlet on July 26<\/a> (businesstimes.com.sg)<\/p>\n\n\n\n

Naiise’s chie marketing, buying officer steps down<\/a> (businesstimes.com.sg)<\/p>\n\n\n\n

2021<\/p>\n\n\n\n

S’pore retailer Naiise closes last store at Jewel Changi, may wind up operations<\/a> (straitstimes.com) \u2013 owes Parfums Artisanaux ~$10,000, Bamboo Straw Girl ~$5,000, Freshly Pressed Socks ~$3,800 \u2013 missing stocks, Nom Nom Plush ~$15,000<\/p>\n\n\n\n

Homegrown retailer Naiise shuts down, founder Dennis Tay to file for personal bankruptcy<\/a> (channelnewsasia.com) <\/p>\n\n\n\n

Retailer Naiise to close last S\u2019pore outlet at Jewel Changi Airport, some vendors owed up to S$10,000<\/a> (todayonline.com) owes Fen Perfumes $1,800<\/p>\n\n\n\n

Naiise closing Jewel Changi outlet on Apr. 11, vendors reportedly owed up to S$10,000<\/a> (mothership.sg) \u2013 includes links to the debt collector videos<\/p>\n\n\n\n

Stocks missing and payments defaulted; Naiise vendors prepare for loss<\/a> (sg.style.yahoo.com)<\/p>\n\n\n\n

S’porean Company Naiise Shuts Down And Vendors Are Angry That They Weren’t Paid For Years<\/a> (says.com)<\/p>\n\n\n\n

S’pore Retailer Naiise Has Ceased Operations – Founder To File For “Personal Bankruptcy”<\/a> (vulcanpost.com)<\/p>\n\n\n\n

Dennis Tay’s Facebook apology<\/a> (facebook.com)<\/p>\n\n\n\n

“years ago my friend was their accountant cos she loved their products and stuff but left after 2 weeks cos she said the accounts were awful and a whole pile of shit”<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

Rich People Bankruptcy: A Primer, by @lim_jialiang<\/p>\n\n\n\n

  1. Move all personal assets to spouse<\/li>
  2. Draw director fees, one-off payments, and pute huge discretionary spending on soon to be closed company<\/li>
  3. If spouse was working for said company, have them leave company before shit hits the fan<\/li>
  4. Maintain as much liquidity and keep a veneer of solvency<\/li>
  5. Stop salary payments to staff, explain that it is “difficult times”<\/li>
  6. Assure them that a rescue package is being put in place, all the while still paying yourself through method 2<\/li>
  7. Move as slowly as you can – do not worry about the debt you are racking up as these can be re-negotiated and refinanced upon declaring bankruptcy<\/li>
  8. Spouse should ideally be working (elsewhere) at this stage<\/li>
  9. Declare Personal Bankruptcy and file for liquidation for debt-ridden company<\/li>
  10. <\/li><\/ol>\n\n\n\n

    Vendor complaints<\/p>\n\n\n\n

    @tinypinc<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

    Update: see notnaiise.wordpress.com 2015 Naiise goes big with largest store opening at Central (todayonline.com) “Can someone give Naiise’s founder Dennis Tay and his team a trophy?” 2016 Who says Singapore designs don’t sell? (straitstimes.com) Five Places to Shop in Singapore (nytimes.com) 2017 How Lombok is an island of respite for Naiise’s Amanda Eng and Dennis […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-9520","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/s6cErj-naiise","_links":{"self":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/comments?post=9520"}],"version-history":[{"count":3,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9520\/revisions"}],"predecessor-version":[{"id":9545,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/posts\/9520\/revisions\/9545"}],"wp:attachment":[{"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/media?parent=9520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/categories?post=9520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.visakanv.com\/sg\/wp-json\/wp\/v2\/tags?post=9520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}