KAIJU! Beer have emerged from voluntary administration after creditors unanimously approved a Deed of Company Arrangement put forward by the founders.
It means Callum and Nat Reeves will keep control of the brewery they launched with their family, with Callum saying in a media statement that they were excited about the opportunities ahead for the indie brewery.
“We are confident the restructuring will ensure the business is in a stronger position to compete in challenging market conditions,” he said.
KAIJU!’s overarching South East Brewing Company appointed DBA Reconstruction and Advisory on January 8. The founders called it a necessary decision to handle the debt they’d accumulated over a number of…