Brothers Beer put into voluntary administration

Brothers Beer put into voluntary administration
Brothers Beer's City Works Depot site. (Image: DGR)
Riley Kennedy
Voluntary administrators have been appointed to Auckland craft brewer and wholesaler Brothers Beer.PwC’s Stephen White and John Fisk were appointed to the group’s three entities on Monday and said they hoped to be in a position to put a “credible” restructuring proposal to creditors for a vote within the next month.“The objective will be to deliver a better outcome for them than if the group is simply liquidated,” White said in a statement.Founded in 2012 by Anthony Browne and Andy Larsen, it operates as a cr...

More Finance

Heartland declares $49.6m impairment in NZ business
Finance

Heartland declares $49.6m impairment in NZ business

Heartland Group shares fell 12% in early trading.

Gregor Thompson 18 Feb 2025
Big banks scrubbing public mentions of DEI
Finance

Big banks scrubbing public mentions of DEI

Citigroup and others seek to avoid possible litigation and federal probes.

Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Former Grant Thornton partner guilty of misconduct
Finance

Former Grant Thornton partner guilty of misconduct

Tribunal decision shows Peter Sherwin failed to disclose potential conflicts. 

Victoria Young 14 Feb 2025