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Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook. Beechworth’s iconic drinks brand Billson’s Beverages
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Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook.
Beechworth’s iconic drinks brand Billson’s Beverages Pty Ltd looks set to avoid liquidation after creditors voted to keep the battling brewery alive.
“After an uncertain year, we are thrilled to share that we have made significant progress in securing the future of Billson’s and our historic brewery in Beechworth,” declared the husband-and-wife team behind the popular premix drinks brand in a social media post.
Nathan and Felicity Cowan were forced to put the company into administration in July citing “incomprehensible” challenges and “mistakes made along the way”.
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The council originally faced a £53m funding gap over the next three years, but officials have now identified savings of £46m, and £2.5m still needs to be found by February for the 2025-26 financial year.
Mr Bell continued: “Like many other councils, we still face having to make tough savings decisions which will affect the…
Popeye’s. TGI Fridays. Roti. Buca di Beppo. And of course Red Lobster. These are just a few of more than a dozen high-profile restaurant chains that have declared bankruptcy in 2024.
On one level, what we’re seeing is some restaurants buckle under the intense pressures the past two years have brought. There were the shortages, inflation, and rising labor costs.
“We had weird fingerling potato shortages, there were issues with limes tripling in costs,” said Kelly Bush, co-owner of the Union Tavern and Marshall Street Bar and Grill in Rochester, New York. “People’s patterns and behaviors have changed.”
Restaurant foot traffic has declined in the U.S. by 3%-3.5%, “which is huge,” said…
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.”
Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a lot of artists have been talking to each other, and realising that he owed more of his artists money than we thought.
“The artists haven’t been paid, and crew and other staff haven’t been paid.”
The timing is especially poor for comedians: Fringe World in Perth, which traditionally marks the start of the festival touring season, is just two months away.
The Junkyard artists are now scrambling to find new…
Nepal’s Prime Minister K.P. Sharma Oli’s visit to China has set the stage for a renewed infrastructure cooperation push under the Belt and Road Initiative, a move seen as pivotal for Nepal’s economic goals but fraught with government coalition tensions over debt fears and risk of political fallout with its traditional ally, India.
During his four-day trip to Beijing, Oli met with Chinese President Xi Jinping, signed a framework deal under China’s Belt and Road Initiative, and secured 300 million yuan (US$41 million) in financial assistance.
China and Nepal initially signed a belt and road deal in 2017, but no projects have been planned or implemented since. Analysts say the new agreement will reinvigorate projects, which could…
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