Beer industry: Mighty craft owes creditors Pure Asset Management, KPMG, RSM over $22 million

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

The craft beer and spirit group, which went into administration on July 22, owns 25 per cent of fast-growing zero carb brewer Better Beer along with gin business Kangaroo Island Spirits.are the two comedians, Jack Steele and Matt Ford,

Documents lodged on August 6 with the Australian Securities and Investments Commission gave a snapshot of the financial position of Mighty Craft, after it called in administrators Ankura Consulting.Pure Asset Management, a Sydney-based boutique convertible bond fund is listed as the largest creditor. It is owed $22 million.Pure Asset Management has a 7.5 per cent stake in Better Beer through a debt-for-equity swap deal that was struck in June.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tax is bursting the craft beer industry bubbleAustralia now has the world’s third-highest beer tax after Norway and Finland and it’s wrecking the brewers, says the Independent Brewers Association.
Source: smh - 🏆 6. / 80 Read more »

Tax is bursting the craft beer industry bubbleAustralia now has the world’s third-highest beer tax after Norway and Finland and it’s wrecking the brewers, says the Independent Brewers Association.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Tax is bursting the craft beer industry bubbleAustralia now has the world’s third-highest beer tax after Norway and Finland and it’s wrecking the brewers, says the Independent Brewers Association.
Source: theage - 🏆 8. / 77 Read more »