Sans Drinks, the Australian non-alcoholic drinks company that went into voluntary administration in July, will be sold to online retailer Just Wines.
Following the second creditors meeting held on 21 August, creditors resolved to accept the Deed of Company Arrangement (DOCA) proposal covering the business and assets of Sans Drinks.
In the next three months, secured and employee creditors will likely be paid in full, while unsecured creditors will receive an estimated 48 cents in the dollar.
In line with the agreement, Irene Falcone, Founder of Sans Drinks, will continue to participate in the marketing and strategy and nurturing the Sans Drinks community, which she said is a real passion for me.
Falcone added: The decision to enter into t…
Read the full article at: https://www.drinkstrade.com.au/sans-drinks-thrown-a-lifeline-by-online-retailer-just-wines