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Finance Minister II Datuk Seri Amir Hamzah Azizan pointed out three probable factors that led to FashionValet’s downfall while answering Bukit Bendera MP Syarleen Abdul Rashid’s question at the Dewan Rakyat yesterday .1. The Covid-19 pandemic changed things The Covid-19 pandemic changed the way we did things. Businesses with physical stores had to pivot to an online business model, especially during the Movement Control Order periods.
However, the pandemic threw a wrench in the plans and the market for premium clothing fell significantly. Although Khazanah and PNB provided strategic and financial advice, the competition with the other platforms were too strong.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:
ایران آخرین اخبار, ایران سرفصلها
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Covid-19, competition and cash flow woes: Finance Ministry outlines FashionValet’s collapse to ParliamentKUALA LUMPUR, Nov 14 — The Ministry of Finance has identified three factors that are said to have contributed to the collapse of online fashion business FashionValet, resulting...
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Khazanah, PNB sold FashionValet stakes at a loss of RM43.9mil, says Finance MinistryAlmost one in five of the workforce in Guangzhou have turned to work in flexible contracts, higher than China’s national level of 14.3%.
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