A popular Aussie craft beer brand has collapsed after a decade in business.
Hawkers Beer, which is based out of Reservoir in Melbourne, announced on Monday it had entered into voluntary administration.
The brewery’s founder, Mazen Hajjar cited increased operational costs not just affecting Hawkers but the whole of Australia’s craft beer industry.
The brewery has grown to one of the largest manufacturers and distributors of craft beers in Melbourne.
Hawkers Beer, which is based out of Reservoir in Melbourne , announced on Monday it had entered into voluntary administration (stock image)
Mr Hajjar said the brewery was unable to overcome numerous issues plaguing the industry.
‘Post-Covid has been a challenging period with bigger players increasingly restricting access to taps and shelf space,’ he said.
‘That is 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 forward.’
The company’s administrators, DBA Advisory, said the decision was made ‘to help facilitate a financial restructuring of the business’.
‘DBA Advisory is supporting the continued operation of Hawkers, so employees and customers should consider it business as usual,’ they said in a statement to NCA Newswire.
‘There will be no impact to ongoing production and distribution as a result of this appointment.’
More to come.
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