Twelve Cupcakes owes over $1m to creditors; workers may get Oct salary in Q1 2026

Twelve Cupcakes owes over $1m to creditors; workers may get Oct salary in Q1 2026

The Straits Times - Sports·2025-11-25 17:20

SINGAPORE - Close to 100 creditors are owed slightly over $1 million by shuttered confectionery chain Twelve Cupcakes, according to one of its appointed liquidators on Nov 25. The amount excludes the unpaid salaries owed to 80 former employees.

The company has entered full liquidation as of Nov 24, the liquidator AAG Corporate Advisory confirme d with The Straits Times. While a committee of inspection, which acts as a representative body for consults with the liquidators, was not appointed yesterday, volunteers are expected to come forward.

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