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FashionValet Founders Charged After Wealth Fund Losses

Vivy Yusof and Fadzarudin Shah Anuar, co-founders of the Malaysian company behind modest fashion brands Duck and Lilit, both pleaded not guilty to local prosecutors’ charges of criminal breach of trust over the alleged misuse of funds invested in their company by two government-linked firms.
Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics.
FashionValet founders charged after wealth fund losses. (Shutterstock)

Malaysian prosecutors charged the founders of a local online fashion retailer over the alleged misuse of funds invested in their company by two government-linked firms.

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