Popular Tasmanian craft brewery Fox Friday and its subsidiaries have been placed into voluntary administration after facing significant financial challenges.
Owners Sarah and Benn Hooper announced the appointment of McGrathNicol as administrator in a statement released today.
The Hobart-based brewery operate the popular ‘Fox Friday’ branded bar on Murray Street in Hobart, alongside two other locations in melbourne and perth.
The company also runs the Moonah Hotel and Cellars and Melbourne’s Carwyn Cellars.
The venues are expected to continue trading during the administration process.
“Unfortunately, we’ve faced significant financial challenges that have brought us to this point,” the Hoopers said.
“Our financial lender could not meet their obligations for our capital projects. While funding was confirmed, we experienced continual delays extending to March 2025, and now they have been placed into liquidation.”
The couple explained they were left covering major capital investments with operational funds based on assurances that financial support…
