Home-grown sports retailer Sportslink goes out of business
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SINGAPORE - Home-grown sports retail chain Sportslink wound up last Friday (July 3) after accumulating debts to a «substantial number» of creditors. This includes employees who are owed a month's salary, Farooq Mann, founder and director of MannHome-grown sports retailer Sportslink goes out of business
SINGAPORE - Home-grown sports retail chain Sportslink wound up last Friday (July 3) after accumulating debts to a «substantial number» of creditors. This includes employees who are owed a month's salary, Farooq Mann, founder and director of Mann & Associates, the court-appointed liquidator, told The Straits Times. «I will convene a creditors' meeting within the next two weeks to notify them that the company has gone into liquidation, to disclose to them the affairs of the company, and to invite them to file claims,» said Mr Mann on Monday. On June 9, Adidas Singapore Pte Ltd had filed an application with the High Court for the winding up of Sportslink. When contacted before Friday's decision, Adidas declined to comment. The news of Sportslink's liquidation comes barely two weeks after it announced its reopening in a June 22 Facebook post following the easing of circuit breaker measures on June 19. The measures, which were implemented to stop the spread of the coronavirus, saw retail stores across the country shut from April 7. Read more