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A number of Pinot & Picasso studios face an uncertain future after their parent companies entered voluntary administration. There are currently more than 40 Pinot & Picasso studios around Australia, allowing people to book a group painting session where they’re guided on how to recreate a piece of art while enjoying a few drinks.
The directors of the affected companies said the reason for the appointment was, “largely attributable to a reduction in discretionary consumer spending, as Australians and other customers look to tighten entertainment budgets,” a letter from Salea Advisory said. Pinot & Picasso venues are located in Victoria, Western Australia, South Australia, New South Wales and Queensland.
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