A cache of stock from floundering liquor wholesaler Fernbrew P/L is being put to auction through Pickles, offering $4 million of craft beer, spirits, RTDs, champagne and more.
In early February the ABC reported on the fate and failings of Fernbrew, after administrators were appointed 30 January, with the Australian Tax Office (ATO) said to be owed more than $87 million.
Fernbrew showed revenue in 2017 of $66 million, but in 2018 it was accused of being involved in distribution of whisky claiming to be Scotch, requiring it to be from Scotland, and ‘Blue Cactus’ tequila, which is thought to not be made in Mexico – a strict requirement of a product being labelled tequila.
Over $4 million of name-brand liquor stock is now being sold off by the administrators, including pallets of Ballantine’s, Veuve Clicquot and Dom Perignon, top-shelf ports, pre-mixed drinks such as Canadian Club, and mixers, including Red Bull.
The majority of the stock is warehoused in Orange and available for inspection. It is all being put to wholesale auction at remarketing specialist Pickles.
Interested parties are invited to submit Expressions of Interest between Monday, 1 April and Friday, 12 April.
For more information, see the Fernbrew listing on Pickles.