The company issued an internal memo to staff on Nov 6, a day after staff were supposed to be paid, attributing the delay to "a temporary adjustment in financial scheduling".
In the note, Tipsy Collective group human resource manager Avril Lim assured employees that steps are under way to resolve the payment issue and they can expect to get paid "over the next few days".
Founded in 2019, Tipsy Collective runs 10 restaurants and bars here and one in Kuala Lumpur. The company has been embroiled in a legal battle since August.
The Straits Times reported in September that Tipsy's co-founder David Gan was suing eight parties, which include shareholders and investors, for breaching a shareholders' agreement and attempting to seize control of the company.
Pending the outcome of the suit, he had tried to get an interim injunction to maintain control of the company's board. On Oct 15, the High Court dismissed his application, which allowed the majority shareholders to elect new directors to Tipsy's board.
On Nov 6, the company's board terminated the role of Mr Gan as chief executive. He still remains as one of the three directors in the company. The company's corporate secretary was also fired, said a representative of the new management.
Denne historien er fra November 10, 2024-utgaven av The Straits Times.
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Denne historien er fra November 10, 2024-utgaven av The Straits Times.
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Percival Everett wins US National Book Award for fiction
American author Percival Everett won the US National Book Award for fiction on Nov 20 for his novel James, a propulsive and slyly funny retelling of American writer Mark Twain's Adventures Of Huckleberry Finn (1884) from the perspective of Huck's companion, an enslaved man named James.
Actor Jussie Smollett's conviction for staged attack overturned
American actor Jussie Smollett's conviction for fabricating a racist and homophobic hate crime in Chicago in 2019 was overturned on Nov 21 on due process grounds.
K-pop CD output draws fire as plastic waste talks loom
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Actress Yvonne Lim returning to Singapore after 10 years in Taiwan
Singaporean actress Yvonne Lim is ready for a new chapter in her life. The 48-year-old announced on social media on Nov 21 that she has opened a YouTube channel.
Striking scenes from abstract triptych in Puppet Origin Stories
A wilfully abstract triptych of stories that make up the third edition of Puppet Origin Stories will frustrate the theatregoer in search of meaning, but delight those who can surrender to the weird and affecting visual scenes crafted on stage.
Kim Soo-hyun samples local food and finds it 'very satisfying'
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Entrepreneur rediscovers her need for speed
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Timeless Velar refreshed with hybrid engine
The model by Range Rover is relaxing to drive, but the controls feel lighter and less direct than those of its rivals
Wish come true for BYD buyers with families
The M6 is the first mid-sized electric seven-seater to be available here
Subtle serenity
Newly-weds pick clean, functional Japandi aesthetic for their HDB flat
