Wine bars, restaurants, vineyards and liquor distributors around the country are clamouring to retrieve millions of dollars worth of stock locked in warehouses belonging to collapsed ASX-listed start-up Kaddy.
The makers of By Farr wines and Dalwhinnie whisky were among hundreds of customers stunned to receive emails from Kaddys administrators last week, which demanded hundreds of thousands of dollars to pay for the release of their pallets of beer, wine and spirits.
ASX-listed Kaddy was placed into administration this month after it failed to raise fresh capital from investors who were discouraged by the low-margin, loss-making alcohol warehouse and logistics company that has suffered a revolving door…
Read the full article at: https://www.afr.com/technology/collapsed-marketplace-holds-on-to-clients-booze-20230515-p5d8iv