The German Brewers’ Association has warned of a wave of bankruptcies among German breweries. In the energy crisis, the situation in the industry has dramatically worsened, said the association’s general manager, Holger Eichele, on Thursday in Berlin. “If the federal and state governments don’t succeed in capping the prices for gas and electricity quickly and effectively, many companies in the manufacturing sector will not see the turn of the year.”
After the sales crisis during the corona pandemic, the high energy prices are now affecting the companies, Eichele described the situation. Although sales have recently stabilized, the high costs have led to severe losses.