Robinsons owes S$31.7m to 442 creditors
Some of the largest amounts are due to its landlords and employees; several international beauty brands are also affected
Singapore
DEPARTMENT store Robinsons Singapore, which is now under provisional liquidation, owes S$31.7 million to 442 creditors, with some of the largest amounts due to its landlords and employees.
Robinsons on Oct 30 announced that it would exit the Singapore retail scene for good, but has kept its last two stores at The Heeren and Raffles City Shopping Centre open for closing-down sales. The operator has S$25 million worth of retail inventory, according a press release on Monday by restructuring firm Gordon Brothers, which has been engaged by Robinsons' provisional liquidator to manage the closing of the stores in Singapore.
TRENDING NOW
Deal between tycoon friends sparks scrutiny of Philippine power sector
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
China got cool for foreigners. But can they find a job there?
