another day another brewery hits the deck..A popular brewery is...

  1. elee
    31,888 Posts.
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    27/03/24
    12:41
    Post #: 73081934
    another day another brewery hits the deck..

    https://hotcopper.com.au/data/attachments/6062/6062449-b09a90d5bc72989c19422373ef7ec48f.jpg

    A popular brewery is on the brink of collapse after racking up a hefty debt and has had to call in administrators.

    Last Wednesday, NSW-based Akasha Brewery went into voluntary administration.

    The appointed administrator, Henry McKenna of restructuring firm Vincents, told news.com.au the brewery continues to trade and “business as usual”.

    Akasha Brewery operates a Sydney taproom in the inner western suburb of Five Dock and also a brewery.

    But recently the business has fallen on hard times with a massive tax debt hanging over its head.

    There are 18 staff at the establishment but their fate, and the fate of the company, hangs in the balance.



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