The number of UK breweries going out of business has tripled in the past year, with smaller craft beer manufacturers most at risk as consumers opt for cheaper options during the cost of living crisis, according to research.
In total, 45 breweries entered insolvency in the 12 months ending 31 March, compared with 15 in the previous year, according to the most recent official Insolvency Service statistics analysed by Mazars, an audit, tax and advisory firm.
Read the full article on The Guardian website
NAM Implications:
- The inevitability of supply and demand eventually being harmonised…
- With bankruptcies being the fallout for companies unable to achieve sufficient reward for risk…
