A popular Australian beer company has entered voluntary administration after almost 10 years of business, citing increasing costs and taxes.
Hawkers Beer, which is based out of Reservoir in Melbourne, announced on Monday it had entered into voluntary administration.
Founder Mazen Hajjar cited a range of challenges affecting not just Hawkers but the entire craft beer brewing business in a statement.
“Post-Covid has been a challenging period with bigger players increasingly restricting access to taps and shelf space,” he said.
“That is combined with broader economic pressures, including increased input costs and taxes.
“However, we are confident that the restructuring will ensure the business is in a stronger position to fight these challenges going forward.”
DBA Advisory, who were appointed as administrators, said the decision was taken “to help facilitate a financial restructuring of the business”.
“DBA Advisory is supporting the continued operation of Hawkers, so employees and customers should consider it business as usual,” they said in a statement.
“There will be no impact to ongoing production and distribution as a result of this appointment.”
Hawkers Beer is one of Melbourne’s largest manufacturer and distributor of craft beers.
The news comes amid continue pressure on small-scale brewers.
In 2023, Queensland-based Ballistic Beer announced it as entering into voluntary administration.