Tribe Brewing News Today

A growing number of larger technology companies are scrambling to restructure their operations to avoid insolvency, with many Australian businesses under threat.

The Katoomba brewer of Status Quo Pale Ale and Cult IPA has appointed Morgan Shaw Advisory to help with its first outside fundraising.

The keg company rents out 280,000 kegs to 600 beer groups in Australasia and is stepping up expansion in the UK and Ireland.

A deed of company arrangement has been accepted for Goulburn's Tribe Brewery.

Ambitious dreams, machinery failure and COVID-19 were behind the collapse of the craft brewer and creditors are set to take a big haircut.

Rating agency Standard & Poor’s is forecasting that the US rate of business failures will double by the end of this year.

Creditors include four entities in billionaire Anthony Pratt’s Visy Group, and the founder of Kathmandu outdoor clothing, Jan Cameron.

The consultancy’s head of deals says cashed-up investors will emerge as the major players in a new wave of buyouts as businesses struggle.