Bad Shepherd Brewing Co. in Cheltenham, Melbourne. Source: Facebook
Melbourne craft beer stalwart Bad Shepherd Brewing Co. has called in the administrators for a financial restructure, owing to legacy debts incurred through the COVID-19 pandemic.
Documents listed by the Australian Securities and Investments Commission (ASIC) on Tuesday show Atle Crowe-Maxwell of DBA Advisory was appointed as the sole administrator of the popular brewery and brewpub venue.
DBA Advisory continues to trade the business as it pursues a Deed of Company Arrangement proposal mapping out the restructuring process.
No staff have been laid off as a result of the voluntary administration.
In a statement, Bad Shepherd Brewing Co. said employees and customers should consider the situation as “business as usual” while restructuring efforts take place.
Handpicked for you
Aliavia closes $13.5 million fund for women-led startups in Australia and US
COMMENTS
Reader comments will be back online shortly. In the interim send us any tips or feedback via news@smartcompany.com.au.