Vivy Yusof Explained

Vivy Yusof
Honorific Prefix:Yang Berbahagia Datin
Birth Date:11 December 1987
Birth Place:Kuala Lumpur, Malaysia
Occupation:Co-founder of FashionValet and The dUCk Group
Children:4
Birth Name:Vivy Sofinas binti Yusof
Alma Mater:London School of Economics, United Kingdom
Nationality:Malaysian

Vivy Sofinas Yusof (born December 11, 1987) is a Malaysian entrepreneur, social media influencer, and the co-founder of the fashion e-commerce platform FashionValet and lifestyle brand The dUCk Group. She has been included in lists such as Forbes' 30 Under 30 Asia and has a significant following on social media. Her work spans entrepreneurship, digital media, and fashion. Vivy is a graduate of the London School of Economics (LSE).[1]

Career

Founding of FashionValet

Vivy Yusof served as the Chief Creative Officer at FashionValet,[2] a fashion e-commerce company she co-founded with her husband, Fadzarudin Shah Anuar, in 2010 at the age of 23. FashionValet has grown to become a significant enterprise with 150 employees and partnerships with over 500 fashion brands. The company operates offices and warehouses in Malaysia, Jakarta, and Singapore, and ships products globally.[3]

Vivy is known for her blog Proudduck, which has received approximately 250,000 monthly visits. She also has a substantial social media presence with over a million followers on Instagram.

In 2017, Vivy Yusof expanded her online activity by launching a YouTube channel,[4] where she shares lifestyle content and personal insights. She frequently participates in fashion events across Southeast Asia and is recognized as a fashion commentator and social media influencer.[5] She has also served as a judge for AirAsia’s Runway Ready Designer Search for two consecutive years, participating in a panel that seeks emerging fashion designers throughout Southeast Asia.[6]

Entrepreneurial impact

In 2017, Vivy and her husband were selected to join Endeavor, an international organization that supports high-impact entrepreneurs through mentorship and strategic guidance.[7] [8]

During the COVID-19 pandemic, Vivy and her husband organized three fundraising initiatives to support Malaysian frontliners. Collectively, these efforts raised over RM 2.1 million. They also launched the FV Bazaar, an initiative designed to help food and beverage vendors promote their services during the pandemic. The platform attracted approximately 4,500 vendors.

Memoir

In December 2022, Vivy Yusof published her memoir, The First Decade: My Journey from Blogger to Entrepreneur, through Penguin Random House SEA.[9]

Television

In 2012, Vivy and Fadzarudin attained first place on Make The Pitch, a reality television show where the duo won RM1 million investment by MyEG Services Bhd, for a 30% stake in the company.[10] Vivy later starred in Astro Ria's reality television series, Love, Vivy.

Love, Vivy revolves around the life of one of Malaysia's leading faces in fashion – juggling her work, keeping on top of their leading online retail empire FashionValet and her scarf brand, dUCk, as well as her family duties as daughter, wife, and mother to four children's; Daniel Azim Shah, Mariam Iman Shah, Sarah Ilham Shah and Idris Ali Shah.[11]

On 21 February 2017, the second season of Love, Vivy was aired on Astro Ria.

Controversy

In October 2024, Vivy Yusof was involved in a financial controversy following the disclosure that Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) had incurred significant losses from their investment in FashionValet, the e-commerce platform she co-founded. Khazanah and PNB, which had invested a combined RM47 million in FashionValet in 2018, sold their stakes in 2023 for RM3.1 million, resulting in a loss of RM43.9 million.[12]

In response to the public criticism following this disclosure, Vivy and her husband, Fadzarudin Shah Anuar, issued a joint statement accepting responsibility for FashionValet’s financial difficulties. They acknowledged that their aggressive expansion strategy, particularly during the COVID-19 pandemic, had placed the company under significant financial strain.[13] Vivy further explained that while FashionValet had initially shown promise, the unforeseen challenges of the pandemic severely impacted their ability to maintain operations as planned.[14]

Bibliography

Awards and accolades

Vivy's awards and achievements include:

Vivy has also graced the covers of several high-profile magazines in Malaysia, including HerWorld,[15] Prestige,[16] and Tatler.[17] She was also named a Friend of Louis Vuitton, becoming the first hijabi woman to be honored with the title.[18]

External links

Notes and References

  1. News: Vivy Sofinas Yusof, Co-Founder of FashionValet - Asian Entrepreneur. Ting. Henry. 2016-04-05. Asian Entrepreneur. 2017-06-07.
  2. Web site: FASHIONVALET Shop Asia's biggest designer brands online Shop women's clothes, shoes, bags & accessories FashionValet. www.fashionvalet.com. 2017-06-07.
  3. News: Venture: Fashion Valet's ambitions will never be just about e-commerce. 2017-04-21. The Edge Markets. 2017-06-07.
  4. Web site: Vivy Yusof. YouTube. 2018-03-06 . en.
  5. News: DFW Insider Info - Digital Fashion Week 2016. Digital Fashion Week 2016. 2017-06-07 . en.
  6. News: AirAsia expands fashion designer search 2017 to all 10 Asean countries. 2017-02-09. 2017-06-07 . en.
  7. News: Vivy Yusof - Endeavor. 2017-03-08. Endeavor. 2017-06-07.
  8. News: About - Endeavor. Endeavor. 2017-06-07 . en.
  9. News: We read Vivy Yusof’s new book chronicling her journey as an entrepreneur. Should you?. Claudia Khaw. Vulcan Post. 19 January 2023. 7 November 2023 . en.
  10. News: FashionValet more than makes the grade on Make The Pitch. 2012-10-16. Digital News Asia. 2017-01-11.
  11. News: Reality show on 'mompreneur' Vivy Yusof to air on Astro RIA. 2016-04-07. 2017-01-11.
  12. News: Amin . Luqman . Khazanah, PNB sold their RM47 mil stakes in FashionValet for just RM3.1 mil — MOF . The Edge Malaysia . October 29, 2024 . November 6, 2024 . en.
  13. News: Zainul . Emir . Investment in FashionValet was to support 'high potential Bumiputera company', say PNB and Khazanah . The Edge Malaysia . November 1, 2024 . November 6, 2024.
  14. News: Jalil . Asila . Khazanah "responsibly exited" FashionValet in late 2023 . New Straits Times . November 1, 2024 . November 6, 2024 . en.
  15. Web site: Her World Malaysia. www.facebook.com. 2017-06-07.
  16. News: 5 Key Quotes from Vivy Yusof. 2017-06-07 . en.
  17. News: Of Chemistry And Affection: Vivy Yusof And Fadza Anuar on Building Their Empire, FashionValet. Malaysia Tatler. 2017-06-07 . en.
  18. News: A tale of two Vs. 2016-07-20. NST Online. 2017-06-07 . en.