Founders Dereck and Diti Hales
The owners of melbourne’s Bad Shepherd Brewing Co. have announced the decision to appoint an Administrator to help facilitate a financial restructuring of the business.
Owners Dereck and Didi Hales have appointed DBA Advisory as Administrator, noting the company is supporting the continued operation of the business
“Bad Shepherd’s employees and customers should consider it business as usual,” the company said via a media statement.
“There will be no impact to ongoing production and hospitality operations as a result of this appointment.”
The Hales said they have taken this step to deal with the financial losses the business has faced over the last few years from the COVID-19 pandemic and lockdowns and are working with the Administrator on a Deed of Company Arrangement (DOCA) proposal to provide the framework for the restructuring of the business.
The couple say they are confident the financial restructuring will result in a stronger and more resilient business emerging from administration.
“This has been a difficult period for the business, but we see this as an opportunity to reset and look forward to better times ahead,” Dereck said in the statement.
“Bad Shepherd Brewing…
