London brewery Brew By Numbers (BBNo) has announced that it is going through a restructuring process with new investors.
The taphouse brewery at Greenwich
The company has addessed its future on social media, amid reports that it was going into administration. It has assured fans and customers that the brewery is running as usual.
In a statement, the company said: “The hospitality industry has been facing significant challenges over the past few years, due to increased costs and changes in consumer behaviour.
“In response, we have relocated our business to a new site in Greenwich to expand and address the financial impacts of the pandemic. Regrettably, despite our best efforts, we have had to close our Bermondsey site, due to the combined Covid-19 debt burden and the recent cost of living crisis.”
But it added: “Moving forward, we are now pleased to report that we are in the final stages of securing a deal as part of a restructuring process that will bring in new investors with financial expertise to ensure our future success.
“We have known these investors for several years, and they are all passionate about our brewery and eager to keep our team at the Greenwich site to continue brewing exciting and tasty craft beers. This will mean BBNo remains independent, whilst also aiming to keep our crowdfunding investors involved in our future.”
