When Fox Friday opened not one, but two new Australian venues last year, it felt like maybe the Tasmanian-born brewery was weathering the strong economic headwinds facing the independent brewing industry. It wasn’t the case.
On Thursday, Benn and Sarah Hooper announced they were appointing McGrath Nicol to take control of Fox Friday’s portfolio of five hospitality venues and three production breweries, one of which is currently under construction. That includes leading Melbourne bottle shop Carwyn Cellars.
“Unfortunately, we’ve faced significant financial challenges that have brought us to this point. Our financial lender could not meet their obligations for our capital projects.”
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