The Australian business of spirits distributor Proof & Company has entered voluntary administration, citing economic challenges.
The company said on LinkedIn it had placed Sa’Pere Drinks, trading as Proof & Company Australia, into voluntary administration last week, adding that it was a difficult decision.
The firm cited challenges of a local economic downturn and a changing landscape in the spirits industry.
“As is customary in this process, the appointed administrators will explore all options and seek to achieve the best possible outcome for all involved,” it added.
Proof & Company continues to operate as usual in other markets including Singapore, Hong Kong, and New Zealand, along with the cocktail bar 28 Hongkong…
