A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole.
Overnight, Victoria n-based Deeds Brewing announced to its 23,000 followers that the venue had made the “difficult decision” to wind up the business after failing to find a buyer.operates a brewery, distillery and canning and bottling facilities and also its own kitchen and taproom in the southeast Melbourne suburb of Glen Iris. It has been a registered business since 2012.
Another brewery business, Beer Cartel, commented on the announcement: “You are absolute legends of the Australian craft beer scene. Seeing this breaks our hearts knowing the blood, sweat and tears you put into every beer”.Those four businesses are Deeds Group Pty Ltd, Deeds Taproom Pty Ltd , Deeds Brewing Company Pty Ltd, and Future Proof Distilling Pty Ltd.
Deeds Brewing is far from the first to have to make the sad decision of appointing external administrators.Beloved Brisbane brand Ballistic Beer Company set the scene for the struggling brewery sector early last year after it was forced to call in administrators. It was able to trade its way out of disaster and avoided going into liquidation.In February, a popular South Australian business, Big Shed Brewing, went into administration after 20 years in business.
The Wayward brand based in Camperdown in Sydney’s inner west, voluntarily put the popular business into administration on January 2, owing approximately $2 million to trade creditors, statutory creditors and shareholders.
Aussie Craft Beers Online Alcohol Retailer Glen Kanevsky Australian Craft Beer Atle Crowe-Maxwell Federal Government Melbourne Craft Beers Oceania Financial Black Hole Deeds Taproom Brisbane Bottling Facilities Boozebud Craft Beer Scene Customer Order Peter Philip Inner West Federal Budget Struggling Brewery Sector Brewery Collapses Government Tax David Orr Ballistic Beer Company Australia And New Zealand Deeds Group Victoria Staff Members Brewed Craft Beer Alex Turner-Cohen Deeds Brewing Company Popular Brewery Tax Relief Australian Business Food Restaurant Shuts Fast Food Restaurant Australia Brewery Business Sydney
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