August
Only 1¢ in the dollar for creditors in Mighty Craft wipeout
Administrators say creditors may get between 0.5¢ and 0.9¢ in the dollar under a deal that preserves the collapsed beer and spirits group’s stake in zero carb brand Better Beer.
- Simon Evans
The big names to watch as craft beer stages a comeback
Comedians, UFC fighters, an ex-NAB chief executive and an NRL superstar are among those backing craft brewers in tough times. There’s plenty of fight left in the industry, with diversification into ready-to-drink spirits one of the weapons.
- Simon Evans and Emily Day
Tax Office owed $9m in Mighty Craft collapse, debts hit $40m
The Australian Taxation Office is a major creditor to the craft beer group, which has a 25.5 per cent stake in zero carb brewer Better Beer.
- Simon Evans
Creditors owed $22m in Mighty Craft beer collapse
The beverages group, which owns 25 per cent of zero carb brand Better Beer, owes money to Pure Asset Management and KPMG, according to its creditor list.
- Simon Evans
July
ATO ready to send companies broke rather than wait for tax
Black Brewing Co stopped paying the tax office for almost a year and ultimately joined the dozens of craft brewers who have gone bust. The ATO will not budge.
- Simon Evans
How much is The Inspired Unemployed’s Better Beer worth? $80m
Despite the failure of one of the company’s biggest shareholders, ASX-listed Mighty Craft, the zero carb brewery has recorded a jump in sales over the year.
- Simon Evans
Mighty Craft collapses after calling off merger with Better Beer
The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.
- Simon Evans
June
Lion to close pioneering craft brewery with beer staying out of favour
A string of independent craft brewers have already collapsed. Now Lion and its major rival, Asahi, are feeling the impact of higher costs and fewer drinkers.
- Simon Evans
May
Shaver Shop chairman caught up in craft brewery woes
Brodie Arnhold is a director and shareholder of Sou’West Brewery, which collapsed this month, joining other victims of the slowdown in spending and rise in costs.
- Simon Evans
Ex-Macquarie banker who banked on premium gin hits payday
George Georgiadis left finance to build a gin business with two mates eight years ago. They’ve hit payday with a buyout by Asahi.
- Simon Evans
Sydney brewery raises capital, inks deal with finals favourite Swans
Charge your glass for White Bay Brewery! It’s got private equity, it’s got Merivale, and now it’s got AFL finals favourite Sydney Swans drinking from its taps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
April
The godfather of Australian beer, Chuck Hahn, is not done yet
Anyone who has ever tried a Hahn, James Squire, Kosciuszko, Malt Shovel or Lord Howe Island-branded beer has directly sampled the brewmaster’s handiwork.
- Sam Buckingham-Jones
Mighty Craft in last ditch sell-off to get debt burden under control
The ASX-listed group, which owns a big stake in Better Beer, has sold Mismatch Brewing and the 78 Degrees spirits business to a consortium of publicans.
- Simon Evans
March
Small beer! Sydney Beer Co upsizes fund-raising target
Sydney Beer Co. is not looking to conquer the world, but it is looking to move on a big market in the United States, with a planned fund-raising round there, and in Australia.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Rate cuts on ice | Stocks fly after big profits | Why beer is so expensive
This week James and Anthony dissect the RBA’s historic moment, tell you what to expect from reporting season and try to answer a crucial question for the nation: why beer is so expensive.
January
- Drinks With Max Allen
- Life & Leisure
Try these wine ‘discoveries’ to share with friends
A dozen stories about all things alcoholic – and not – to keep you current and content.
- Max Allen
Better Beer capital raise on ice until Mighty Craft woes sorted
Comedians The Inspired Unemployed hold 42 per cent in the fast-growing beer group whose fortunes are poles apart from its ailing large shareholder.
- Simon Evans
November 2023
- Exclusive
- Tax minimisation
Coca-Cola fights ATO over $170m in offshore tax
The Tax Office alleges the beverage company’s profits were diverted offshore via favourable deals with its local affiliate for branding, trademarks and formulas.
- Max Mason
- Exclusive
- Retail
Mountain Culture offers investors a taste of craft beer
The Katoomba brewer of Status Quo Pale Ale and Cult IPA has appointed Morgan Shaw Advisory to help with its first outside fundraising.
- Carrie LaFrenz
Coopers Brewery predicts beer market to stay flat
Beer company boss Tim Cooper said the ferocity of the public stoush at Endeavour Group, owner of Dan Murphy’s and BWS, was “surprising”.
- Simon Evans