Vulcan Submit lately learnt that Malaysian attire and journey model Thousand Miles is shutting down.
“We’re writing to share some bittersweet news with you,” an e mail from Thousand Miles to clients learn. “After five amazing years serving the community in Malaysia, we’ve made the difficult decision to permanently close our store.”
“At Thousand Miles, our mission has always been to enhance your travel and everyday experiences by helping you focus on what truly matters: exploration. Unfortunately, despite our best efforts to overcome various challenges, we’ve had to make the tough decision to close Thousand Miles.”
Except for the e-mail and in addition to an announcement on their web site, no posts have been made on the model’s social media platforms. The model additionally didn’t cite any particular causes for his or her closure.
As a last farewell, the Thousand Miles is internet hosting a clearance sale with reductions as much as 70%. On the time of writing, although, many merchandise and sizes already appear to be offered out.
“We hope you’ll always prioritise time for getaways and have clothes that are ready for whatever adventures await,” the Thousand Miles e mail learn.
Sister manufacturers Backside Labs and Eubi shut down too
The guardian firm behind these manufacturers is none apart from RPG Commerce, which builds direct-to-consumer (DTC) ecommerce manufacturers.
The startup final closed US$29 million for its Collection B funding in 2022.
Wanting into RPG Commerce’s different manufacturers, we observed that Backside Labs and Eubi—its two different attire manufacturers—are additionally closing down. Actually, Eubi already seems to have closed down in June 2024, based on its web site.
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Maybe the closure of those manufacturers could possibly be a sign that RPG Commerce is present process a type of restructuring. The enterprise could possibly be opting to concentrate on their (seemingly extra well-liked) manufacturers, Montigo and Cosmic Cookware.
“I always tell the team, be fearful when you’ve reached the top,” CEO Melvin Chee had mentioned throughout a enterprise convention.
He elaborated that staying forward of the curve is about maintaining an progressive and contemporary mindset, and that there must be a tradition that permits the crew to discover and do issues which are “crazy” and even “stupid”.
Perhaps these closures are a mirrored image of these values. In any case, we’ll be keeping track of RPG Commerce and different manufacturers in its portfolio to see what’s subsequent for the homegrown firm.
Featured Picture Credit score: Thousand Miles