Addy Lee seeking help from Michelle Chia

Bloodbro32

Bloodbro32

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letonzy said:
b4 he actually doing quite well mah.maybe he over expanded his business

moonsoon toh is it bc of covid
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Monsoon Hairdressing Group, including the VS Monsoon hair salon, which was founded by celebrity hairstylist Addy Lee, has been liquidated due to its "persistent inability to meet its financial obligations".

Here's a more detailed breakdown:

  • Liquidation:
    The Monsoon Hairdressing Group, owned by Vintage Studio and M2 group (a subsidiary of Mary Chia Holdings), has been placed into provisional liquidation, pending eventual liquidation.
  • Reason for Liquidation:
    The decision to liquidate was made because of Monsoon's inability to meet its financial obligations in a timely manner.
    • M2 Group's Decision:
      M2 group decided against allocating further capital to the business to safeguard its own financial stability.
    • Liquidators Appointed:
      Wong Joo Wan and Tina Phan Mei Ting of Alternative Advisors were appointed as joint and several provisional liquidators.
    • Founder:
      Addy Lee, a celebrity hairstylist, founded Monsoon.
    • Monsoon's History:
      Monsoon was established in 1994, with its first outlet located at Bukit Timah Plaza.
 
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