HOT NEWS! Robinsons Department Store Exit From Heeren & Raffles City after 162 Years of Operation
Robinsons has just announced some Shocking news as they will be closing down their 2 stores in the Heeren and Raffles City where they are currently facilitating final sales before they are shutting down for good. On another side of news, Robinsons is liquidating its two department stores in The Heeren and Raffles City Shopping Centre, the retailer said on Friday (Oct 30).
Corporate advisory and restructuring firm KordaMentha’s Mr Cameron Duncan and Mr David Kim have been appointed as provisional liquidators, said Robinsons. The provisional liquidators will now take control of the company’s assets and assess options to realise the value in order to maximize returns to creditors.
“Subject to confirmation, the liquidators are hoping the stores will remain open for the coming weeks to facilitate final sales for customers before they are shuttered,” Robinsons added in a statement. And this is indeed some shocking news after Robinson has been operating here for 162 years.
Where Malaysian newspaper The Sun Daily reported that two Robinsons outlets in Kuala Lumpur, Malaysia, will be going through the same liquidation process as well. The Robinsons outlet at The Gardens Mall was opened in 2007 while the one at Shoppes at Four Seasons Place opened in 2018.
So everyone must stay tuned for their Final Clearance Sale for the coming few weeks. It will be a Blasting Clearance Sales with Everything Must Go!
