Tamiya Stargek hobby store in Paya Lebar closes after nearly 20 years of operations
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Tamiya Stargek retailer in Paya Lebar closed on 10 April
The Tamiya-Stargek retailer in Paya Lebar, an iconic spot for fans, shuttered its business on Wednesday (10 April).
Source: Google Maps
The announcement of the closure on social media shocked fans, lots of of whom have fond recollections of the location.
Details encompassing the closure are scarce, besides for the appointment of 3 men and women from a consultancy as receivers and administrators of the business.
Tamiya Stargek ceases functions
Information of the shutdown 1st emerged by means of a closure recognize on Tamiya-Stargek’s Instagram and Facebook webpages on Friday (12 April).
Source: Tamiya – Stargek on Facebook
According to the notice, Mr Victor Goh, Mr Khor Boon Hong and Ms Marie Lee of Baker Tilly Consultancy (Singapore) Pte Ltd ended up appointed Joint and Various Receivers and Administrators of the organization — Stargek Pte Ltd — on Wednesday (10 April).
Baker Tilly’s website states that a receivership often comes about when “the school under which funding has been presented is in default or exactly where a enterprise is remaining placed in or is underneath danger of Liquidation”.
Whilst the situations encompassing the closure are unclear, Baker Tilly mentioned in its see that all business operations at Tamiya-Stargek have ceased until more recognize.
MS Information has reached out to Tamiya-Stargek and Baker Tilly for comments.
Closure immediately after nearly 20 several years shocks admirers
A Fb article by Tamiya-Stargek on 6 Aug 2019 indicated that the retail store turned 15 back again then.
This signifies that it had been in company for almost 20 decades prior to its closure this yr.
Possessing obtained a lot of faithful consumers via the several years, it’s no surprise that the retail store’s social media posts elicited a ton of sympathy and unhappiness.
A testomony to the retail outlet’s nostalgic benefit, quite a few followers and buyers still left heartfelt responses on the posts.
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Showcased impression tailored from Google Maps.
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