MNC Media and Sinar Mas-backed fashion e-commerce company Sorabel has run out of cash having already shut down its Philippines-based subsidiary.

Sorabel, an Indonesia-based fashion e-commerce company backed by corporates MNC Media and Sinar Mas, is to shut down after its operations succumbed to the Covid-19 pandemic, E27 has reported. The company’s assets will be dispersed following liquidation and its employees terminated on July 30. Founded in 2014 as Sale Stock, Sorabel was an online fashion…

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