A popular Aussie craft beer brand has collapsed after a decade in business.
Hawkers Beer, based out of Reservoir in Melbourne, announced on Monday that it had entered voluntary administration.
Brewery founder Mazen Hajjar cites increased operating costs affecting not only Hawkers, but Australia’s entire craft beer industry.
The brewery has grown to become one of Melbourne’s largest producers and distributors of craft beer.
Hawkers Beer, based out of Melbourne’s Reservoir, announced on Monday it had entered voluntary administration (stock photo)
Mr Hajjar said the brewery had been unable to overcome numerous issues plaguing the industry.
“Post-Covid has been a challenging period with larger players increasingly limiting access to taps and shelf space,” he said.
‘This is combined with wider economic pressures, including increased input costs and taxes.
‘However, we are confident that the restructuring will ensure that the business is in a stronger position to fight these challenges going forward.’
The company’s administrators, DBA Advisory, said the decision had been made ‘to help facilitate a financial restructuring of the business’.
“DBA Advisory supports the continued operation of Hawkers, so employees and customers should treat it as business as usual,” they said in a statement to NCA Newswire.
“There will be no impact on continued production and distribution as a result of this appointment.”
More to come.