PRESS RELEASE
Date: 14 March 2023
Cowch Group of Entities Enters Voluntary Administration
SV Partners appointed Administrators 14 March 2023
On 14 March 2023, the Cowch Group of entities were placed into Voluntary Administration with SV Partners Administrators Terry van der Velde and Terry Rose leading the appointment.
Established in Brisbane in 2014, Cowch has grown into a popular hospitality and manufacturing business consisting of four dessert cocktail bars located in Chermside, South Bank, Broadbeach and Garden City, and its own commercial production facility in Morningside, Queensland.
Unfortunately, like many other businesses, Cowch has not been unaffected by conditions beyond its control including (though not limited to) the COVID-19 pandemic, floods and continued economic challenges.
Cowch is a well-known and loved brand in the Brisbane community and the Administrators are committed to exploring all options to ensure its future success. The Administrators will be working closely with management, staff, creditors, and other stakeholders to provide a positive outcome for all parties involved.
SV Partners are optimistic that customers will continue to support the local family business as it continues to trade through the Administration, while the Administrators work to secure investors to ensure the future of Cowch is secured.
The Administrators have commenced an immediate assessment of the business operations and financial position and will be liaising with all stakeholders in the coming days and weeks to explore all available options.
All media enquiries can be directed to media@svp.com.au, while investor enquiries can be directed to matthew.hudson@svp.com.au.
The Administrators are currently seeking urgent expressions of interest for investors or for the sale of the Companies’ business. Read more here
Statement released: 13/04/2023 – Garden City store now closed. Read Statement