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Billy Baxter’s ex-franchisees Ross and Sue Pollard were awarded $1.2M on appeal after the Court found earnings figures proved were misleading. As the franchisor failed to make payment it now faces a winding up application.
Billy Baxter’s is part of the Paradise Retail Holdings group, which also operates Pets Paradise, Global Pet Products and Warner Bros’ Australian retail operations. StartUpSmart
The Federal Court can order a company be wound up if failure to make payment is proven and the creditor has followed the required demand process.
But there is nothing new here;
However, Ross Pollard told StartUpSmart he and his wife have lost “hundreds of thousands of dollars” as a result of the legal battle, which he claims has been going since 2006.
“From the time it started – because of Billy Baxter’s unwillingness to cooperate – it’s taken six years to get to this point,” he says.
Just another franchisor using drag-em-out tactics in an effort to drain franchisees but here we have one of those rarities where the franchisees managed to stay the distance.