SINGAPORE – After 13 years, Proof & Company Spirits – the Singapore-based distribution arm of independent spirits company Proof & Company – has entered provisional liquidation.
It cited closures in the food and beverage scene as a reason for its decision to close.
“The decision follows a period of mounting challenges for the F&B and hospitality industry in Singapore, including the closure of some of the company’s longest standing restaurant and bar customers,” the company said in a statement on July 21.
It told The Straits Times that 16 staff in Singapore will lose their jobs as a result of the closure.
The distributor, which most recently had an annual turnover of $7 million in Singapore and $34 million globally, has been…