• About Us
    • Fact Checking Policy
    • Ownership & funding information
  • Volunteer
    • Internship with The Online Citizen
  • Donation
  • Subscription
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Gallery & Co’s management firm ceased operations amid impact from COVID-19, supplier claims unsettled payment of S$12,000 since last year

by Aldgra F.
08/08/2020
in Business
Reading Time: 3 mins read
0

Source: Gallery & Co Facebook page

Gallery & Co’s management firm, By AndCo Pte Ltd, has terminated its operations after more than four years of operating the museum store with the National Gallery Singapore, following the impact brought about by the coronavirus pandemic on the tourism and retail sector.

By AndCo released a statement on Facebook yesterday (7 Aug) stating that the business volume had failed to support its operating model, despite the firm’s “collective best efforts”.

“We are hugely dependent on tourism and retail. With COVID-19, both sectors were severely impacted,” it stated.

Gallery & Co, which was founded in 2015 under the partnership between By AndCo and the National Gallery of Singapore, is currently under liquidation.

By AndCo hinted that the National Gallery will be setting up a new and separate management entity for the brand name, while the details are in the midst of being formulated.

“The company’s assets and liabilities will be organised accordingly within the appropriate legal framework in the fairest way possible by a neutral third party,” it asserted.

“Please be assured that the liquidator will process our assets on hand as fairly as possible to the affected parties,” the company added.

One of the suppliers for Gallery & Co, however, claimed that the company has an unsettled payment which amounted to S$12,000 for goods sold since November last year.

The Little Dröm Store took to Facebook on Thursday (6 Aug) stating that the Gallery and Co’s liquidator firm has reached out to inform about the termination of By AndCo.

“We are also required to submit forms and show proof of debt. We have not been paid for goods sold since Nov 2019, with amounts totalling $12,000,” it stated.

But the company is uncertain of whether it would receive the payment as it can only wait for the liquidator’s advice.

“To the people in charge, we understand that you are busy. While you were busy building your business empire, quite obviously, some decisions were made at our expense. $12,000 might be loose change to you, but not to us.”

“And please do not blame it on COVID. COVID does not cause a deficit in integrity,” it asserted.

The art and design retail store also claimed that it has no access to the goods supplied to the museum store which worth almost S$30,000 in total.

“10 years into the retail business, we have never felt so cheated, stupid and disappointed before, with the team going radio silence on us. We trusted you, top up goods promptly, agreed to a credit term and sponsored gifts for your events,” it added.

The Little Dröm Store – which founded by Singaporean designers Stanley Tan and Antoinette Wong – advised small business owners to take time for evaluation before consigning items to big retailers.

“Watch out for the red flags, if you are constantly chasing for payments and communication has been inconsistent, you should think twice about the partnership. Because when things like that happens, you would be left on the chopping block. Do not give big retailers the power to bully and abuse anymore. There are many other ways to gain exposure,” it remarked.

Share this:

  • Twitter
  • Facebook
Tags: By AndCoGallery & CoNational Gallery SingaporeThe Little Drom Store
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
0 Comments
Inline Feedbacks
View all comments

Recent Posts

  • Philippines lifts suspension on AstraZeneca vaccine for under 60s
  • Allow Myanmar’s “shadow” govt to attend special ASEAN Summit, says M Ravi in petition
  • Possible Cabinet reshuffle for Indonesia in light of Jokowi’s plans to form investment affairs-related ministry
  • Rupee tumbles as COVID-19 surges threatening Singapore’s investment in India
  • Week-long lockdown in New Delhi as virus cases soar
  • 20 new cases of COVID-19 infection in S’pore; 1 case in the community
  • DPM Heng Swee Keat asks for feedback on making Changi Point more “vibrant”; netizens prefer it to be untouched
  • Netizens call for better preventative measures after water levels exceed 90% capacity in drains and canals from heavy downpour

Trending posts

Philippines lifts suspension on AstraZeneca vaccine for under 60s

Of late, the language of our current leadership has been divisive; almost everything sounds like there’s a hidden agenda

Expat returns from India and tested positive for COVID-19 after serving 21 days of SHN

Rupee tumbles as COVID-19 surges threatening Singapore’s investment in India

DPM Heng Swee Keat asks for feedback on making Changi Point more “vibrant”; netizens prefer it to be untouched

If we can deal with the ironies of our own making, Singapore can be so much better

Allow Myanmar’s “shadow” govt to attend special ASEAN Summit, says M Ravi in petition

Only 1 in 5 surveyed confident of 4G leaders, Blackdot Research study finds

20 new cases of COVID-19 infection in S’pore; 1 case in the community

US hits vaccine milestone as New Zealand, Australia open travel bubble

Load More
August 2020
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930
31 
« Jul   Sep »
  • About Us
  • Volunteer
  • Donation
  • Subscription
  • Letter submission
  • Contact Us

© 2006 - 2021 The Online Citizen

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2006 - 2021 The Online Citizen

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply