Craft brewery Brothers Beer has declared its dedication to eradicating all outstanding debts by the conclusion of 2024.
Last year presented Brothers Beer with economic trials that prompted a management restructure, with the appointment of Frans Bos as General Manager and, with the support of shareholders injecting a substantial amount of funds back into the business, the brewer continue to move forward.
This strategic move, coupled with streamlining operations through the voluntary administrator PWC, ensured that the brewery continued operations.
However, the move was not without complexities.
Brothers Beer Holdings Ltd divested from five of its seven Brothers Beer & Juke Joint sites, parting ways with City Works Depot, Onehunga, Orakei, Birkenhead, and Commercial Bay.
Addressing the confusion about the companies status, the new General Manager, Frans Bos, stated “Some presume we’ve concluded, but that’s far from reality – we’re still here and not about to go anywhere.”
As of late 2023, Brothers Beer regained control of the business and with PWC’s continued oversight, aims to ensure full creditor settlement within the next 12 months.
“Our brewery Mothership in Mount Eden and the beach-side haven in Piha continue serving up delicious craft beer and authentic American BBQ that has defined us for over a decade,” says the company in a statement.
“We recognise the challenging landscape that many businesses face, and our hearts go out to those that have struggled or closed due to financial difficulties.
“Brothers Beer acknowledges the resilience of the wider business community and extends our empathy and support to all facing similar challenges.”
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