Hawkers have today become the latest brewery to enter voluntary administration in a move that will come as a major surprise to many in the industry. Since launching in 2015, the Reservoir-based business has grown into one of the largest and most highly-regarded operations in the country, with sales of their own brands, including the Rover offshoot, continuing to grow year-on-year.
They have appointed DBA Advisory as administrators, the same business that has worked with Bad Shepherd, Dainton and Wayward Brewing over the past four months. In a media statement, they said the decision was taken “to help facilitate a financial restructuring of the business”.
The statement goes on to say it remains business as usual, with “no impact to ongoing production and distribution as a result of this appointment”.
Hawkers founder and managing director Mazen Hajjar said in the statement: “Post Covid has been a challenging period with bigger players increasingly restricting access to taps and shelf space, combined with broader economic pressures, including increased input costs and taxes. However, we are confident that the restructuring will ensure the business is in a stronger position to fight these challenges going…