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Vivy and husband apologise for FashionValet investment failure

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Fashionvalet Nachrichten

Vivy Yusof,Fadzaruddin Shah Anuar,Khazanah Nasional

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‘We are sorry’: Vivy was FashionValet’s chief executive officer, while Fadzaruddin acted as its executive director. — Picture taken from Vivy’s Instagram

“We want to state from the outset that we take full responsibility for the failure of the investment. The sale marked a significant loss from the RM47mil the two government-linked investment companies had paid for the entity. “As much as we tried to cut costs to conserve cash, including shutting down our e-commerce platform, the situation had become dire.

 

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