Kaddy, an online marketplace connecting Australian drinks producers with retailers and venues, has gone into voluntary administration. The news comes in the same week that online retailer BoozeBud entered administration too.
The announcement was made to the ASX today (May 5) via a statement which says: “The Administrators are undertaking an urgent assessment of the Kaddy Group and will be looking to sell the business as a going concern or recapitalisation via a Deed of Company Arrangement (DOCA).
“The Administrators intend to work with management, employees, suppliers and customers to stabilise operations and seek the best outcome for the business.”
Kaddy was launched in 2019 by school mates Rich Coombes and Mike Abbott with the aim of s…
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