Posted On: August 7th 2020, 06:02 am
Dear Friends of Gallery & Co,
Our journey with Gallery & Co has ended.
Back in 2014, a few of us came together with big aspirations. The National Gallery was being put together and we felt that we needed to do our part to help build a museum experience that we can be proud of as a nation. Just like the greatest museums around the world. Amongst us, we called this our ‘national service’. &Co was further built into our brand name because we wanted to leverage Gallery & Co as a platform to showcase our local brands and to boost regional support for cottage industry. We invested a lot of our personal resources with the best of intentions.
Fast forward to today, unfortunately, the business volume cannot support our operating model despite our collective best efforts. We are hugely dependent on tourism and retail. With Covid, both sectors were severely impacted. Gallery & Co is now under liquidation. The company’s assets and liabilities will be organised accordingly within the appropriate legal framework in the fairest way possible by a neutral third party. To friends who have supported us, we could not advise you individually and separately on the winding down of the Company, as it should be via the liquidator and through due process so that the same information is released to everyone at the same time. But please be assured that the liquidator will process our assets on hand as fairly as possible to the affected parties.
Many of you who have claims on the company, please remember to contact Marjorie Windrath at
[email protected].
The National Gallery will be setting up a new and separate management entity to operate the Gallery & Co brand name. Specific details are in the midst of being formulated.
For our supporters and friends, we feel your pain. It is heart-breaking. All of us are entrepreneurs who risked our capital and livelihood to pursue our passions. We wish this had ended on better terms.
[To be continued under comments below]
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