Melbourne-based Deeds Brewing is the latest brewery to enter voluntary administration, continuing the now well-established trend.
The news applies to all four registered companies owned by the business, including Deeds Group Pty Ltd, Deeds Taproom Pty Ltd (trading as Deeds Taproom and Kitchen), Deeds Brewing Company Pty Ltd, and Future Proof Distilling Pty Ltd.
The administration process will be performed by Glen Kanevsky and David Orr from Deloitte Financial Advisory.
Its very early days in this process as we take over management of the business and commence a review of its financial position, said Mr Kanevsky to media.
For now, it is a case of business as usual and continuing to trade while we explore urgent sale or recapitalisation…
Read the full article at: https://www.drinkstrade.com.au/deeds-is-the-latest-brewery-to-enter-into-voluntary-administration