Renaissance Brewing sold for $620k, leaving shortfall to creditors

Fri, 16 Feb 2018

By Paul McBeth Feb. 16 (BusinessDesk) - Renaissance Brewing's creditors face a $611,000 shortfall after the craft beer maker was sold for $620,000 following a slump in sales and an "ill-fated" distribution agreement that pushed it into administration. The Nelson-based brewer's creditors were owed about $1.2 million, of which lender ANZ Bank New Zealand was owed $812,000 as a secured creditor, the first liquidator's report by Jessica Kellow of Shephard Dunphy shows. The boutique beer brewer was sold by voluntary administrators last month t...

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