The Victorian-based outfit called in administrators on Wednesday, according to ASIC records, for four companies that make up the business: Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and Deeds Taproom Pty Ltd.
It employs about 50 staff, whose futures now hinge on whether the brewery is able to be successfully restructured or sold to a new owner.
David Orr and Glen Kanevsky of Deloitte have been appointed joint administrators.
“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 provided to 9news.com.au.
“For now, it is a case of business as usual and continuing to trade while we explore urgent sale or recapitalisation options.”
Established in 2012 as Quiet Deeds by university friends Patrick Alé and David Milstein, Deeds opened its brewery in the eastern melbourne suburb of Glen Iris in 2019 before adding a taproom and kitchen to the venue.
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