SAD news for Alvey fans with the iconic Australian company announcing its closure.
The Queensland-based company celebrated its 100th anniversary in 2020. Two years earlier, poor sales almost forced Alvey to close its doors before the company was brought back to life.
In an announcement on Alvey’s Facebook page today, the company said: “The ability to source raw materials together with drastic cost increases, significant and increasing domestic and global supply chain logistics issues, and coupled with Covid 19 disruptive staff shortages, Alvey Reels has made the difficult decision that production at the Carole Park facility is no longer sustainable, and to cease manufacturing effective 30th June 2022.”
“We are currently sitting on significant supplies across our whole range of Alvey products, and as such, there will be structured sell down of ALL our stock. We anticipate running with Warehouse/Dispatch and Administration staff with current stock on hand, which will carry us through to January/February 2023, but we will not be able to remain open after this time.
“We at Alvey Reels deeply regret this difficult decision, and whilst we commit to supplying as many of our products as we can for as long as we can, our immediate priorities are our loyal staff, our dedicated retailers and passionate supporters and customers.
“On behalf of the Alvey Team, we thank you all for your 102 years of support.”
