This week, the team discuss Broo’s CEO taking a pay cut, a share consolidation at Good Drinks and the Newcastle Distilling Co’s plans for a crowdfunded brewery.
Broo
Grogan takes a pay cut as director leaves Broo
Broo has had a busy month with director changes, a $3.6 million capital raising and its annual report showing continuing losses.
Broo’s land sale delayed while Mildura Brewery now selling
Embattled brewer Broo is no closer to a sale for the site that was to be home for the “World’s Greenest Brewery” and has now listed its Mildura business.
Mildura Brewery & Pub for sale
The Mildura Brewery and Pub in Victoria, described as an “immaculately presented and heavily capitalised turn-key micro brewery”, is up for sale.
Revenues fall at Broo despite production investment
Struggling listed brewing business Broo has revealed to the ASX this week that despite ramping up beer production and COVID assistance, revenues have declined.
Brews News Week #331 My Local
This week on the podcast, Little Creatures 21st birthday release, and the teams thoughts on whether zero alcohol beer is becoming a “gateway drink”.
Broo’s property sale blocked
Beleaguered publicly-listed brewery Broo has advised the ASX that Development Victoria has declined to approve the sale of its Ballarat property under its current terms.
Brews News Week #330 Consumer Fatigue
This week on the podcast, the team discuss the dark arts of marketing, the IBA’s code of conduct and Broo’s first quarterly profit.
Broo makes first quarterly “profit” since listing
Listed brewer Broo has managed to return its first quarterly profit since listing on the ASX in 2016.
Brews News Week #325 Isn’t It Ironic
This week on the podcast, the team discuss the $5m grant for Aussie brewers, DrinkWise puts a spotlight on older drinkers and Broo voids liquidation of Mildura home.