Based on its latest available public financial statement ending December 31, 2020, the company’s retained earnings were -RM83,442,646 and it’s a big loss for any company it appears the company had sustained incurring losses for a long period.
For the financial year 2019 to 2020, it posted a pre-tax loss of close to RM15 million. Datin Vivy Sofinas Yusof and Datuk Fadzarudin Shah Anuar, a couple who allegedly met while attending prestigious UK universities,The London School of Economics and Imperial College, respectively, founded FashionValet Sdn Bhd in 2010.
The closure statement from FashionValet, a local online shop and e-commerce platform that formerly boasted a multi-million ringgit valuation, sparked unprecedented public attention.
