Award-winning brewery Deeds Brewing has gone into voluntary administration in what shapes as another terrible year for the nation’s boutique brewers.
The company based in Glen Iris, Melbourne, entered administration on Wednesday, according to ASIC records.
David Orr and Glen Kanevsky of Deloitte have been appointed joint administrators, reported 9News.
Award-winning brewery Deeds Brewing has gone into voluntary administration in a terrible year for the nation’s boutique brewers
The fate of about 50 staff hang on whether the company – which comprises Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and Deeds Taproom Pty Ltd – can be restructured or sold to a new owner.
‘It’s very early days in this process as we take over management of the business and commence a review of its financial position,’ Kanevsky said in a statement.
‘For now, it is a case of business as usual and continuing to trade while we explore urgent sale or recapitalisation options.’
The beer debuted as…