The future of popular paint-and-sip business Pinot & Picasso is uncertain after its master franchisor entered voluntary administration last week.
However, the administrator of the business has confirmed to SmartCompany it will continue to trade during the voluntary administration process.
Veuve Ventures Pty Ltd and seven related entities appointed Sule Arnautovic of Salea Advisory to act as voluntary administrator on Thursday, according to the Australian Securities and Investments Commission.
The entities act as master franchisors for 42 Pinot & Picasso venues across Australia and New Zealand, and operate seven company-owned stores.
Pinot & Picasso bills itself as a “relaxing, beginner-friendly paint and sip experience” for parties…
