An iconic drinks brand has been saved from being liquidated after spending months in voluntary administration.
The beverage brand run by husband-and-wife team Nathan and Felicity Cowan out of Beechworth in north-east Victoria, Billson’s Brewery, was placed into administration in July.
Creditors McGrath Nicol last week outlines three options for the company: an end to the administration, a deed of company arrangement or liquidation.
Administrators recommended the second option as it offered the best return for creditors…
