PETALING JAYA: Khazanah Nasional has stepped forward to explain its recent divestment from FashionValet Sdn Bhd, following an apology issued by the two founders of the fashion company.
The government-linked investment company added that, however, FashionValet faced numerous challenges over the years, exacerbated by the Covid-19 pandemic, which hindered its platform expansion. In late 2023, NXBT Partners, led by an experienced Malaysian entrepreneur, offered to acquire existing shareholders’ stakes and infuse capital into FashionValet.
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