Vivy Yusof

Oops! Fashion Icons Vivy Yusof and Hubby Say Bye-Bye to FashionValet!

Vivy Yusof and her husband take responsibility and wave goodbye to FashionValet after a hefty RM43.9 million loss. Find out why!

In a stunning turn of events, Malaysian fashion entrepreneur Datin Vivy Yusof and her husband, Fadzarudin Shah Anuar, announced their exit from FashionValet Sdn Bhd. This decision comes in the wake of a significant loss of RM43.9 million incurred by local investment giants, Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB), leading to public outcry from investors. With heads held high, they expressed their heartfelt apologies for the company’s underperformance and acknowledged that they failed their investors.

Vivy and Fadza, both pillars of Malaysia’s fashion landscape, have decided to step back from their leadership roles amidst the challenging circumstances. In their statement, they noted they would rather take responsibility than lead the helm while facing relentless criticism. This marks a significant shift not just for the couple but for the Malaysian fashion industry as they had long been seen as trendsetters and innovators. Their commitment to self-accountability highlights a refreshing perspective on corporate responsibility in the often glamorized world of fashion.

Despite their official resignation from FashionValet, the duo remains optimistic about the future of the business and has faith in the capable hands that will guide it toward a brighter path. Khazanah and PNB have also defended their investments in the company, stating they had supported FashionValet in its potential to uplift high-potential Bumiputera entrepreneurs. Their backing reflects the determination to uplift local startups, despite the present setbacks.

Interestingly, Vivy Yusof's influence extends far beyond just FashionValet. She has continued to advocate for women in business and has been an outspoken proponent of fashion entrepreneurship within the Malaysian landscape. As they bid farewell to their active roles, it remains to be seen what new ventures this dynamic couple will embark upon next, as they have cemented themselves as inspirational figures in the local scene.