It is understood that 16 of the company’s staff will lose their jobs as a result.
Since its launch in 2012, Proof & Company Spirits has been instrumental in the development of the Singapore and Asia Pacific hospitality sector through its distribution of independent spirits in the region.
In an online statement, a spokesperson for the company said: “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.
“We are doing all we can to ensure a well-managed and productive outcome, while keeping our partners informed every step of the way.”
Singapore has been hit with a rash of hospitality…