Beer News - More Drug Smoking in the West
Ok,
Maybe I'm being a little harsh but these promotor driven 'businesses' will end in tears me thinks........fair dinkum, this guy hasn't even brewed a beer yet!
WA Entrepreneurs Raise Brewers' Spirits, Simon Evans, 22 May 2007, Australian Financial Review
"Way back in the 1980s, Fremantle's Sail & Anchor pub started to produce Matilda Bay beers, the first beer from an independent microbrewery to impact the national stage before being bought out by Foster's Group in the 1990s. That influence has spurred the WA boutique beer market to the point where small brewers are now pursuing public floats.
Five have listed in the last 18 months and the latest, Big Island Brewing, hasn't even brewed any beer yet. Managing director Shane O'Hart used to be in charge of 600 Liquorland and Vintage Cellars outlets for Coles Group. Now he's hoping to raise $10 million to convert a former cider factory in Perth into a brewery.
He says the success of the resources sector has fostered a can-do approach to other business ventures, 'WA has an entrepreneurial spirit.' He is inspired by the share-price performance of Little World Beverages, producer of the Little Creatures brand which went public in 2005.
Toohey's brewer Lion Nathan is now a 34 percent shareholder and is expected to make a takeover bid at some point. Other WA microbreweries to list on the Australian Stock Exchange include: Gage Roads Brewing, Empire Beer Group and Oz Brewing."
Maybe I'm being a little harsh but these promotor driven 'businesses' will end in tears me thinks........fair dinkum, this guy hasn't even brewed a beer yet!
WA Entrepreneurs Raise Brewers' Spirits, Simon Evans, 22 May 2007, Australian Financial Review
"Way back in the 1980s, Fremantle's Sail & Anchor pub started to produce Matilda Bay beers, the first beer from an independent microbrewery to impact the national stage before being bought out by Foster's Group in the 1990s. That influence has spurred the WA boutique beer market to the point where small brewers are now pursuing public floats.
Five have listed in the last 18 months and the latest, Big Island Brewing, hasn't even brewed any beer yet. Managing director Shane O'Hart used to be in charge of 600 Liquorland and Vintage Cellars outlets for Coles Group. Now he's hoping to raise $10 million to convert a former cider factory in Perth into a brewery.
He says the success of the resources sector has fostered a can-do approach to other business ventures, 'WA has an entrepreneurial spirit.' He is inspired by the share-price performance of Little World Beverages, producer of the Little Creatures brand which went public in 2005.
Toohey's brewer Lion Nathan is now a 34 percent shareholder and is expected to make a takeover bid at some point. Other WA microbreweries to list on the Australian Stock Exchange include: Gage Roads Brewing, Empire Beer Group and Oz Brewing."
Labels: Beer News
posted by Stewart Went at
10:30 pm
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