News Formal

Vivy and husband apologise for FashionValet investment failure

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 75%

Fashionvalet News

Vivy Yusof,Fadzaruddin Shah Anuar,Khazanah Nasional

Estonian ehailing service Bolt is set to launch in Malaysia soon, according to a notice displayed on the app's main homepage.

‘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.

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:

 /  🏆 4. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Give time for Khazanah, PNB to explain losses in RM47m FashionValet investment, Fahmi tells MalaysiansKUALA LUMPUR, Oct 31 — Communications Minister Fahmi Fadzil today told the public to give Permodalan Nasional Berhad (PNB) and Khazanah Nasional Bhd (Khazanah) some time to...
Source: malaymail - 🏆 1. / 86 Read more »