Lianhe Zaobao reported in 2018 that the membership fee of 1880 Club was 7,000 yuan, the annual fee was 2,000 yuan, and the maximum number of members was 2,000. At that time, 400 elites from the city joined.
Lianhe Zaobao noticed that as of the time of liquidation, the 1880 Club was still recruiting employees.
Among them, the monthly salary of the club's membership relationship director is between 8,000 and 11,000 yuan, while the monthly salary of the membership relationship administrator and diet waiter with lower ranks ranges between 2,500 and 4,500 yuan.
In another notice to members, the club asked them not to come and said that the club's door was locked.
He revealed that although there were three parties expressing their intention to invest or acquire, they ultimately failed to implement it and were unable to pay employee salaries and supplier funds. He stressed that "I am fully responsible for the failure of the club" and admitted that this may be the result of "ego, arrogant, capitalist or stupidity."
1880 set up a branch in Hong Kong at the end of last year. Liu Zhiyuan, Assistant Director of the Hong Kong Investment and Promotion Agency, once pointed out that over the years, Hong Kong has achieved remarkable achievements in the development of core industries such as finance and innovation, and what is indispensable is the support and contribution of outstanding talents from all over the world. "In 1880, entering Hong Kong will bring together talents from different backgrounds to promote exchanges."
He has been recommended by Hong Kong government agencies and closed down in just seven months of operationHowever, the club fell into financial difficulties after only seven months of operation. According to local newspapers, the club has accumulated debt of about HK$20 million (about S$3.27 million) and has owed about 100 employees for two months.
Some members also filed a complaint on social media that before the Hong Kong branch ended its business in 1880, they "had asked Singaporean members to raise funds for their Hong Kong branch."
Nicoson wrote in the letter: "Building a 1880 brand is part of realizing the dream, but we have noticed a downward trend in the consumption and visits of members."
According to the official website information, the 1880 Singapore branch originally planned to hold a number of activities this month, including lectures, knowledge competitions, and polar adventure sharing sessions.
As of press time, the Labor Development Bureau's career future matchmaking website (MyCareers Future) still lists at least six vacancies from this club. Most of these vacancies were listed this month and last month, with the latest round being June 10 a week ago.
It also planned to set up a branch in Bali, and the resort building has been roughly completed, but the project was also terminated at the end of last year.
A statement issued by the Hong Kong branch when it closed its business said that the branch located in Singapore would be moved to a new company to operate. Nicoson also promises that all Hong Kong members can receive one-year membership at local clubs.
This club is located within the InterContinental Singapore Robertson Quay. In an open letter issued late at night on Monday (June 16), Nicoson revealed that the shareholder 38 Degrees and the operating company 1880 Pte Ltd have entered the temporary liquidation process.
Lianhe Zaobao has asked the 1880 Club about the liquidation and learned more details from the National Workers' Federation on the issue of wage arrears.
Employees are still being recruited on the eve of the liquidationLocal membership club 1880 is closed without warning. Founder Marc Nicholson wrote to members that due to the decline in attendance and the decrease in member consumption, he decided to stop operations from now on.