Tollyjoy says decision to close after 55 years not driven by financial considerations

The Singapore baby-care brand said Tollyjoy products are no longer being sold in Singapore, although some remain available in Malaysia.

Homegrown baby-care brand Tollyjoy said that its decision to cease operations was not driven by financial considerations. (Image: Facebook/Tollyjoy Singapore)

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SINGAPORE: Tollyjoy's decision to cease operations after 55 years was not driven by financial considerations, the homegrown baby-care company's chief executive said on Monday (Sep 21).

Instead, the family business decided it was the right time to call it a day after considering its future, said chief executive Tan Wee Keng.

“We recognise the responsibility that comes with making a decision of this nature. It was not entered into lightly, nor was it driven by financial considerations," Mr Tan said in a statement.

"After careful consideration on the future of the business and how we wish to focus our time and resources going forward, we felt that the time was right to conclude our operations."

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less The company did not elaborate on where it intends to direct its time and resources after Tollyjoy ceases operations. It also did not give a date for when operations would end. Tollyjoy said it would focus on an "orderly closure" of its operations, including ensuring the welfare of its employees and managing remaining stock. Its products are no longer being sold in Singapore, although some remain available in Malaysia, the company said.

The company did not elaborate on where it intends to direct its time and resources after Tollyjoy ceases operations. It also did not give a date for when operations would end.

Tollyjoy said it would focus on an "orderly closure" of its operations, including ensuring the welfare of its employees and managing remaining stock.

Its products are no longer being sold in Singapore, although some remain available in Malaysia, the company said.

Tollyjoy first announced on Sep 15 that it was "winding down the brand".

Established in Singapore in 1971, Tollyjoy was founded by Mr Tan's father and has become a familiar name in mother-and-baby care, selling products ranging from feeding essentials to cleaning products.

An article published by Singapore Management University in 2018 said the company had about 200 employees and recorded S$16 million (US$12.5 million) in annual revenue in 2016.

"For 55 years, we have been fortunate to earn the trust of generations of parents who welcomed Tollyjoy into their lives," Mr Tan said on Monday.

"We leave this 55-year journey with a deep sense of appreciation for the many people who have been part of it."

CNA has contacted Tollyjoy for more information on its decision to cease operations and the number of employees affected.

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新加坡婴儿护理品牌 Tollyjoy 表示，其产品已停止在新加坡销售，但部分产品在马来西亚仍有售。

新加坡本土婴幼儿护理品牌Tollyjoy表示，停止运营的决定并非出于财务方面的考虑。（图片：Facebook/Tollyjoy Singapore）

这段音频由人工智能工具生成。

新加坡：本土婴儿护理公司 Tollyjoy 的首席执行官周一（9 月 21 日）表示，该公司在经营 55 年后停止运营的决定并非出于财务考虑。

首席执行官陈伟庆表示，经过对未来的考虑，这家家族企业决定是时候结束营业了。

“我们认识到做出此类决定所肩负的责任。我们并非轻率做出这一决定，也不是出于财务方面的考虑，”陈先生在一份声明中表示。

“经过对公司未来发展以及我们希望如何集中时间和资源的认真考虑，我们认为现在是结束运营的合适时机。”

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小方格，大挑战；单词搜索：尽可能多地找出单词。显示更多 显示更少 该公司并未详细说明Tollyjoy停止运营后，其时间和资源将如何分配，也没有给出具体的停业日期。Tollyjoy表示，将专注于“有序关闭”其业务，包括保障员工福利和管理剩余库存。该公司表示，其产品已停止在新加坡销售，但部分产品在马来西亚仍有售。

该公司并未详细说明在Tollyjoy停止运营后，将把时间和资源投入到哪些方面，也没有给出具体的停业日期。

Tollyjoy表示，将专注于“有序关闭”其业务，包括确保员工福利和管理剩余库存。

该公司表示，其产品已不再在新加坡销售，但部分产品在马来西亚仍有售。

Tollyjoy 于 9 月 15 日首次宣布“将逐步停止该品牌运营”。

Tollyjoy 于 1971 年在新加坡成立，由 Tan 先生的父亲创立，如今已成为母婴护理领域的知名品牌，销售的产品涵盖喂养必需品到清洁用品等。

新加坡管理大学 2018 年发表的一篇文章称，该公司拥有约 200 名员工，2016 年的年收入为 1600 万新加坡元（1250 万美元）。

“55年来，我们很幸运地赢得了几代父母的信任，他们将Tollyjoy带入了他们的生活，”陈先生周一表示。

“我们怀着深深的感激之情告别这55年的征程，感谢所有参与其中的人们。”

CNA已联系Tollyjoy公司，以了解更多关于其停止运营的决定以及受影响员工人数的信息。

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