A popular alcohol-free beverage company has entered voluntary administration despite reassurances that it is undergoing a simple restructuring.
The Non Alcoholic Drinks Co Pty Ltd, known as Sans Drinks, had administrators appointed on July 17, a report from the Australian Securities and Investments Commission (ASIC) reveals.
Despite the Sans Drinks shop in Brookvale NSW closing, the companys founder, Irene Falcone, told 7 News that the business was trading as normal.
Foot traffic just isnt there to sustain bricks and mortar (stores) in this economic climate, she said.
Sans Drinks will instead move exclusively into online trading, planning to offer customers a more refined range of drinking options than what is currently available at common…
Read the full article at: https://www.news.com.au/finance/business/retail/popular-nonalcoholic-beverage-company-sans-drinks-goes-under-voluntary-administration/news-story/c977a9bae22a0c9d61e218a0baf2be6c