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Fundraiser for Core Brewing casualties

May 1, 2015
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Asahi and nine other breweries owed money by collapsed equipment supplier Core Brewing Concepts will hold a fundraiser on Saturday May 2, as embattled founder Micah Rees answers questions about his company’s demise.

Rees agreed to an interview on Radio Brews News this week after news broke that his company had collapsed, owing hundreds of thousands of dollars in deposits paid by breweries for equipment they never received.

In the 50-minute interview Rees admits he found himself seriously out of his depth when his business rapidly evolved from selling home brewing supplies out of his garage, to facing cash flow issues associated with dealing in complete commercial brewing systems for multiple clients.

“We were handling doing that one at a time, no problem. But when it started becoming three at a time, then it started to become a problem,” he said.

“When a business grows too big, too quick, it doesn’t have the manpower to support the demand, and everything then just begins to snowball… That’s a large part of what happened to us.”

Episode 51 of Radio Brews News is available here.

Temple Brewing to host fundraiser

Affected breweries from Queensland, NSW, Tasmania and Victoria will join forces at Temple Brewing, in East Brunswick, Melbourne on Saturday May 2 to create a collaboration brew.

The brew day is open to the public and will see the brewers create an “Eastern Coast IPA” which they will then sell on to raise funds to help cover their losses.

Breweries and businesses in attendance on the day include:

Temple, Melbourne
The Winston, Hobart
Rutherglen Brewery, Rutherglen
Shark Island, Sydney
Barrier Reef Brewery, Cairns
Rogue Wave Brewery, Surf Coast
Boneyard Brewing, Melbourne
Bruny Island Brewery, Tasmania
Bale-Worker Project Brewery, Melbourne
White Lies Brewing, Brisbane
Asahi, Laverton

“The brewery will be open to all on the day, so join the beer community as they rally to make something good of a bad situation,” said Rutherglen Brewery’s Fiona Myers.

Myers said that to her knowledge Rutherglen is the only company to have had its deposit refunded by Core Brewing Concepts. “The rest of the group are still fighting for their money back.”

Doors open to the public from 12pm with a spit roast in the beer garden and beer specials throughout the day. For further information ring Fiona Myers on 0400 832 061.

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11 Responses to Fundraiser for Core Brewing casualties

  1. […] Veiss ordered his 200L nano setup from Core Brewing Concepts (CBC), the equipment supplier that collapsed earlier this year. […]

  2. MonsterBiz on May 5, 2015 at 11:13 am

    Snowballed means doubling down… a bit like paying off one credit card with the other, eventually it will turn around and bite you where the sun don’t shine….

  3. Pete Smith on May 2, 2015 at 4:33 pm

    A fundraiser for bad business decisions?

    • Martin Roberts on May 4, 2015 at 5:10 pm

      The fundraiser isn’t raising money for Core Brewing. It is for the breweries that have been ripped off.
      Unless you believe that being ripped off is a poor business decision and they can all suck eggs…

  4. Phil Cook on May 1, 2015 at 9:06 pm

    Asahi are very much the odd one out there, huh? (Unless one of the others is also just a subsidiary of a megaconglom and I don’t recognise them — which is entirely possible; corrections welcome!)

    I’d have hoped that a) they, at least, would’ve been better-able to insure themselves against this and/or do their due diligence in getting a non-clueless agent, and b) they wouldn’t be bundled into a fundraiser with those other companies that operate a level of magnitude (or two!) below them in budget…

    • Glenn Harrison on May 2, 2015 at 8:29 am

      Asahi have been really supportive of this brew day and in no way have they seeked to gain any of the money raised to combat there losses. I see it as a great thing that there brewer is taking his own time to come down and join with all other breweries of all different sizes and at different stages of there development. The great thing that this day will show is that we are all in the beer industry for the right reasons, that we all love beer.
      Glenn Head Brewer Temple Brewery

    • Editor on May 2, 2015 at 8:52 am

      I think you’re being a little unfair to all to suggest that Asahi (and by inference the others ) didn’t make appropriate checks. This appears to have developed over time with a number of those who have lost having had earlier successful dealings before they lost. Asahi’s involvement seems to be a show of support rather than an attempt to profit – the sort of cooperation that we encourage in the industry.

      • Phil Cook on May 7, 2015 at 3:45 pm

        Just saw these replies. (I should hit “notify me”, next time!)

        Glad to hear that Asahi aren’t seeking to take a cut of the funds raised. That wasn’t mentioned in the article and does make just the kind of huge difference between them and the others that I was hoping to see.

        Also, holy crap. You diaresis’ed “cooperation”! That’s some grade-A grammar nerdery. I doff my hat.

        • Editor on May 7, 2015 at 4:54 pm

          one of the times auto-correct actually did something right! I hadn’t noticed…

          • Phil Cook on May 8, 2015 at 11:34 am

            Okay, now we’re way off topic, but it looks like it’s something in your blog software. I *didn’t* diaresis-ise mine, and now it appears up there with one. Some deep pedantry built into the code. Neat.

  5. yob on May 1, 2015 at 6:36 pm

    Snowballed? What a complete crock

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