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Why popular Wellington pub Fortune Favours closed – and who is owed money
BBusiness

Why popular Wellington pub Fortune Favours closed – and who is owed money

  • November 17, 2025

The largest amount owing is $2.1m to a shareholder current account.

Companies Office records show Shannon Thorpe is the sole director and largest shareholder (86.21%) of Wellington Beverage Co. Antico Street Brewing Ltd – which is owned by Dale Cooper and Angela Christie – holds the remaining 13.79% shares.

The company also owes $196,246 in an unsecured loan and $15,651 in unsecured employees’ outstanding leave entitlements.

The liquidators said the company has assets of $111,342, but withheld the value of the brand so as not to prejudice a potential sales process.

Creditors include ASB Lion NZ; Hancocks Wine, Spirit and Beer Merchants, Coca-Cola Amatil (NZ); and Bidfood.

Fortune Favours has brewed over 500 unique varieties, including New Zealand’s strongest beer, the 31% ABV “Hyper Fuel”.

The brewery also won the Top Praised Beer at Wellington’s Beervana event in 2025 for its Wairarapa IPA.

Company liquidations remain on track to surpass those of last year in what has been another difficult year for businesses.

Through the first 10 months of the year, 2278 companies have been liquidated, Companies Office records show.

There were 2500 liquidations in 2024.

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