Move to liquidate Drip was the last resort, says lawyer
The Johannesburg High Court granted an order to wind up the popular brand last week, bringing to an end a legal battle over its R20 million debt in advertising fees.
Photo: Facebook/DripSportif
JOHANNESBURG - It's expected to be a tough start to the week for scores of former Drip footwear employees who have now been left high and dry after the company’s liquidation.
This after the Johannesburg High Court granted an order to wind up the popular brand last week, bringing to an end a legal battle over its R20 million debt in advertising fees.
Drip footwear was established in 2019 and sold its own line of sneakers at 14 stores across the country but clashed with advertising agency Wideopen over fees in 2022.
The lawyer representing the advertisers, Kim Warren, said that the move to liquidate the company was the last resort.
"It wasn’t a decision taken lightly by my client and in fact, for a year and a half, we’ve been trying to get the debt settled to Wideopen."