THE COMPANY behind Glasgow's first specialty beer store and a popular city pub has announced that it is in liquidation.
Award-winning Hippo Beers which launched with the opening of a shop in Queen Margaret Drive in November 2012 had made a record loss of over £37,000 in the year to August 2016.
The company formed by Derek Hoy and Alec Knox - two old friends from university and Glasgow based beer lovers - launched the spin-off basement Hippo Taproom bar in Sauchiehall Street just a year ago.
Their west end store was famed for having a constantly revolving range of approximately 350 different beers ranging from Scottish brands, such as Brewdog, to European and American beers from quirky independent breweries.
The firm said in an announcement: “I'm sorry to inform you that unfortunately Hippo Beers Ltd is in liquidation.
“Thanks for your support over the last five years.”
It means that the two-day Great Scottish Beer Celebration it organised for August 25 and 26 to showcase the thriving independent Scottish brewing industry is now cancelled.
Stuart Robb and Julien Irving of Leonard Curtis Recovery Ltd have been appointed as joint provisional liquidators of the firm.
Mr Hoy and Mr Knox had opened the store with a mission to bring specialist beers to Glasgow.
Mr Hoy, a Glasgow City Council worker had initially decided to juggle his job as a monitoring officer with the running of the shop. And Mr Knox, originally from Kilwinning in Ayrshire, left his post as a transport planning consultant to concentrate on the business full-time.
A year later Hippo Beers won the best business initiative award at the British Institute of Innkeeping Scotland awards.
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