Singapore-based distributor Proof & Company Spirits has gone into liquidation, citing ‘mounting challenges’ for the region’s hospitality sector.
The move was also attributed to the closure of some of the company’s longest-standing restaurants and bars.
The decision, supported by the board of directors, shareholders and lenders, relates only to the Singapore arm of Proof & Company. The group’s operations in Hong Kong and New Zealand will continue to operate.
Furthermore, 28 HongKong Street, the company’s cocktail bar in Singapore, will continue to function as normal.
Proof Creative, the firm’s consultancy arm, will…