Gage Roads looking to buy-back Woolworths

[eldertaco]

Gage Roads Brewing is looking to raise $10.1m in order to buy back and cancel Woolworths’ 23.5 per cent share in the Western Australia brewer.

http://www.theshout.com.au/2016/08/30/article/Gage-Roads-to-buy-back-Woolworths-shares/SSMTNBUBYL.html

Can't say I blame them, from what I understand they used to make good beer. Interesting that their 5-year plan is titled "Returning to craft", sounds good to me.

 

[Brownsworthy]

I read the title and thought when the hell did Gage Roads own Woolworths. Might be a better move for their brand.

 

[Killer Brew]

Good to see a brewery regaining some independence. As for Woolies......they are a mess and should get back to their core business.

 

[BKBrews]

I didn't know they're part owned by Woolworths. I've still got half a carton of the Gage Roads Atomic Pale Ale in my fridge. I like them as a brewer, so hopefully they're successful with this!

 

[eldertaco]

I almost wonder if I just had some of a bad batch when I tried it a few years back. All I remember is it was rank.