Deeds Brewing collapses: Victorian-based beer maker goes into liquidation after failing to find a buyer
- Popular brewery goes bankrupt
- As a result, Deeds Brewing will be laying off its staff
A popular brewery has gone bankrupt after its owners struggled to find a buyer.
Victorian Deeds Brewing announced on Tuesday evening that it had made the ‘difficult decision’ to close its doors.
“Over the past twelve years, we poured our hearts into every brew, every interaction, and every moment we shared with you,” the Deeds team wrote on Instagram.
‘Our hearts are broken.
“We will deeply miss our dedicated employees, who have become like family to us, and our incredible fans who have supported us through thick and thin over the years.”
As a result of the collapse, all fifty staff will be left without jobs.
A popular brewery has gone bankrupt after its owners struggled to find a buyer
The beer debuted in 2012 as Quiet Deeds, amid Australia’s craft brewing explosion, founded by university mates Patrick Alé and David Milstein.
The brewery activities have been expanded over the past ten years with its own taproom and kitchen.
It has won a number of awards for its beer varieties.
The brewery will remain open for the next few days and says they will honor online orders and offer a 30 percent discount on clearance.
“This is your last chance to stock up on our beers and raise a final glass to Deeds Brewing,” the post reads.
The company paid tribute to the company’s “dedicated staff, who have become like family to us” and to the customers who supported them through “thick and thin”.
“We want to thank you for all the love and support you have shown us.”
All 50 staff will be left without jobs after being thrown into administration last month
The post also touched on the horror year for Australian craft breweries, after a series of increases in alcohol taxes and operating costs forced some to close.
“In these difficult times for both businesses and individuals, we extend our best wishes to everyone in the industry,” the message reads.
“Now more than ever, it is crucial to support local businesses.”
Since the start of the year, small and medium breweries including Big Shed, Hawkers and Golden West have all gone into administration.
They followed other outfits such as Ballistic, Parched, Wicked Elf and Running With Thieves which collapsed in 2023.
More to come