June 25th 2024.
One of Melbourne's beloved craft breweries, Alchemy Brewing Co, has recently announced its closure, adding to the growing list of independent beer producers facing financial struggles. The owner took to social media to share the news that the business will be shutting down at the end of the month.
In a heartfelt Facebook post, the owner expressed their pride in the establishment they had built, but acknowledged that the journey had been a rough one and it was time to throw in the towel. As a final farewell to their loyal customers, Alchemy will be hosting a farewell party on June 29th.
Located on the bustling Lygon Street in Brunswick East, Alchemy opened its doors in December 2019. However, just a few months later, the COVID-19 pandemic hit, and Melbourne was plunged into a series of strict lockdowns. This had a devastating impact on the city's hospitality industry, forcing businesses to rely on government grants and takeaway sales to survive.
When contacted by 9News.com.au for further comment, Alchemy confirmed the closure but declined to provide any additional information. Sadly, this is not an isolated case, as several other craft breweries in Australia have also succumbed to financial difficulties this year. In March, Golden West, an award-winning brewery in Western Australia, went into administration, followed by Big Shed from South Australia and Hawkers from Melbourne. Earlier in the year, Sydney's Wayward brewery also closed its doors.
It's a perfect storm for the craft beer industry, with the pandemic, lockdowns, and economic downturn all playing a role in the struggles faced by these small businesses. As the industry continues to face challenges, it's essential to support local craft breweries and businesses that are doing it tough. For the latest news, updates, and more, follow us on WhatsApp and stay connected. No comments, no algorithms, and your privacy is protected.
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