KUALA LUMPUR, Nov 1 — FashionValet founders Datuk Fadza Anuar and Datin Vivy Yusof announced their resignation following public criticism over the company’s significant...
‘We failed our investors’: FashionValet founders Fadza and Vivy step down, take responsibility over Khazanah and PNB’s RM47m lossKUALA LUMPUR, Nov 1 — FashionValet founders Datuk Fadza Anuar and Datin Vivy Yusof announced their resignation following public criticism over the company’s significant financial losses.
“We want to state from the onset that we take full responsibility for the failure of the investment,” they wrote in the post. The resignation comes amid scrutiny over RM47 million invested in FashionValet by government-linked investment firms Khazanah Nasional and Permodalan Nasional Berhad .Fadza and Vivy expressed regret for the issues caused to Khazanah and PNB, saying, “We hope this disappointment does not become a deterrence, and they will continue to support other local entrepreneurs.
“Personally, we also continued to curate a positive and hopeful face to the world, naively thinking that maintaining such a posture would instill confidence in our brand and products,” they said.
Vivy Sofinas Yusof Fadzarudin Shah Anuar Permodalan Nasional Berhad PNB Khazanah Nasional Berhad
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