Lotus Beer Co - Administration

Lotus Beer Co, which runs Valhalla Brewing in Geelong, Victoria, entered voluntary administration on 15 July.

The company blamed the cost of living crisis for its decline, saying almost every aspect of its business had become more expensive, but that sales had significantly declined at its hospitality venues.

Scott Andersen and Matthew Kucianski of Worrells were appointed voluntary administrators, and said that they are hopeful they can find the right buyer or investor to keep the business moving into the future.