FashionValet's closure comes as a surprise, here's why it happened

The company has been known as a platform selling the wares of various local fashion brands. Photo: FashionValet

FashionValet, a homegrown ecommerce platform in Malaysia, recently caused a stir with the announcement that it will be shutting down.

The statement on its website read: "As they say, all good things must come to an end... and be replaced with something better."