Prezzee founder quits Shaun Bonett-owned gift card company

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 90%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The founder of the gift card company quits amid an exodus of company executives.

Already a subscriber?Claire Morris, the co-founder of Prezzee, the e-gift card payments group now controlled by businessman Shaun Bonett, has resigned from the board and as a brand ambassador, becoming the latest in a string of senior figures departing the company.

Prezzee has only filed one set of accounts, showing it lost nearly $40 million in 2022, which it blamed on accounting changes. No accounts for last year have been filed.“It is with great sadness I inform you of Claire Morris’ decision to step down from her role as a board member and Global Brand Ambassador,” Mr Bonett wrote. “As a co-founder of Prezzee, Claire has helped grow the business from its ‘start up’ beginnings to a global business.”Ms Morris did not respond to a request for comment.

“Most of the staff you have listed either did not report to Mr Bonett or have any day-to-day dealings with him, or were contractors who were employed for fixed periods of time,” Mr Bonett’s spokesman has previously said. That figure comes not from a share sale, but from investment bank Morgan Stanley, provided as part of a pitch to float the business in 2021, a period when valuations for technology firms were sky high.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rich Lister Shaun Bonett shares the lessons learnt in building billion-dollar company Precision GroupShaun Bonett was the country’s richest person under 40 in 2007. Now a billionaire, he shares his story, including a humiliating $25 million mistake.
Source: FinancialReview - 🏆 2. / 90 Read more »