Twelve Cupcakes shutters, in provisional liquidation, Life-style Information

Homegrown confectionery chain Twelve Cupcakes introduced it has closed and is underneath provisional liquidation. 

This was shared in a discover on the favored dessert chain’s web site. 

“Dear valued business partners, we regret to inform you that Twelve Cupcakes Pte Ltd has been placed under provisional liquidation with effect from Oct 29, and our last day of operations is Oct 29,” it learn. 

“We sincerely apologise for any inconvenience caused and would like to express our heartfelt thanks for your kind support and partnership over the years.” 

The discover didn’t share the rationale why the corporate was positioned underneath provisional liquidation. 

AsiaOne has reached out to Twelve Cupcakes and the liquidation firm, AAG Corporate Advisory, for extra particulars. 

The dessert chain has not introduced the information on its social media platforms. Its final put up on Oct 29 was to encourage clients to purchase its 10 mini cookie bundle. 

Twelve Cupcakes additionally posted an Instagram story on Oct 29 encouraging clients to buy its Halloween cupcakes. 

The chain at the moment has 20 shops in Singapore, in keeping with its web site.

The confectionary was based by former mannequin Jaime Teo and radio DJ Daniel Ong in 2011. It was later purchased over by Kolkata-based Dhunseri Group in 2016 for $2.5 million. 

AsiaOne has additionally reached out to the group in addition to Jaime and Daniel.

In January 2021, Twelve Cupcakes, underneath its new proprietor, was fined $119,500 for underpaying seven of its international staff. 

The firm was convicted on December 10 the earlier yr of 15 counts of underpaying the staff in 2017 and 2018.

In March 2021, Jaime was fined $65,000 for failing to forestall the enterprise from underpaying its international employees.

She pleaded responsible to 10 costs underneath the Employment of Foreign Manpower Act in Feb 2021 and 14 different costs have been considered through the sentencing. 

Later in May 2021, Daniel was additionally fined $65,000 for a similar purpose. He pleaded responsible to 10 costs underneath the Employment of Foreign Manpower Act, with one other 14 related costs considered for sentencing. 

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melissateo@asiaone.com