Contract brewer Tribe has called in the FTI Consulting as voluntary administrators, saying its debts and financial structure can’t keep up with a tougher trading environment.
Contract brewer and craft beer label owner Tribe has called in the FTI Consulting as voluntary administrators, saying its debts and financial structure can’t keep up with a tougher trading environment.The business claims to have the largest number of independent craft beers brewed in Australia. Melbourne-based private equity firm Advent Partners once owned a 50 per cent stake but is understood to have exited the position.
“After exploring a range of options, the directors believe this step will provide the best opportunity to protect the future of the business and the interests of employees and stakeholders,” he said.
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