Proof & Company Spirits Closes Singapore Distribution Business

After 13 years, Proof & Company Spirits, the Singapore-based distribution arm of independent spirits company Proof & Company, has entered provisional liquidation.

- Anjali Raguraman

It cited closures in the food and beverage scene (F&B) 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 supplying more than 50 types of independent spirits in Singapore and the Asia-Pacific region for the past decade.