The co-founders of a popular brewery have filed a ‘notice for intent’ and are urging for investment to avoid the threat of administration.
North, formerly North Brewing Co, have a number of bars across the major northern cities, including North Taproom at Circle Square, on Oxford Road in Manchester.
They also have eight venues across Leeds and one in Birmingham. But John Gyngell and Christian Townsley, owners behind North, announced in a statement they are “currently working with advisors to seek additional investment” to navigate forward with their plans for 2024 and beyond. Try MEN Premium now for FREE...
just click here to give it a go. The co-founders of the award-winning brewery attributed the financial strains to a series of challenges, including far-reaching impacts of Covid, Brexit material cost increases, cost of living crisis and interest rate rises that they say had impacted the business and the wider hospitality industry. "As a result, we've been looking for investment and will have news to share in the coming days.