Iconic Australian beverages brand Billson’s has plunged into voluntary administration.
Husband and wife team Felicity and Nathan Cowan announced today that they made the “excruciating and difficult decision” to enter administration.
“Together with the team, we’ve poured our hearts and souls into Billson’s and we are proud of everything that has been accomplished,” they said.
“Over the course of 7 years, everyone’s hard work and passion has resulted in overwhelming support by people all over Australia and some pretty incredible business growth.
“Unfortunately that growth masked several mistakes we made along the way as our systems and processes failed to keep up.
“We’re ultimately responsible for these mistakes and we know that we have let people down. We are devastated and sorry.”
The historic brewery was originally established in 1865.
The couple took over the business in 2017, at one point employing 200 staff before making 100 job cuts earlier this year.
“We are shattered by the stress this decision…
