AUSTRALIA: Gartner Wines' assets put up for sale
One of the largest recent collapses in the Australian wine industry will result in the early sale of assets of Gartner Wines of Coonawarra in the south east of South Australia.
This follows a decision to put Gartner Wines and about 10 associated companies into receivership. Receiver Bruce Carter of Ferrier Hodgson said the sale would include the new winery with a published value of A$30m (US$15.5m), built on a radical design in a former quarry.
Gartner Wines was established in 1999 to make wines from the Gartner family's 400 hectares of Coonawarra vineyards. The family, which also has vineyard interest in other South Australian and Victorian trgions, has farmed in the district since the 1930s.
The collapse follows Gartner's first vintage at the new winery with 7000 tonnes of grapes crushed.
Carter said he expected considerable interest in the winery when the assets were formally put on the market in the next few weeks.
- AB InBev, SABMiller - Here's what'll happen next
- Is time right for TWE to move for Diageo's wines?
- Is Brown-Forman at the end of the SoCo road?
- Will a sexed-up SABMiller tempt AB InBev?
- Is Brown-Forman doing a Jack Daniel's in Ireland?
- AB InBev makes formal offer for SABMiller
- Diageo secures Xerox Corp CFO as finance head
- Tesco pulls several Carlsberg SKUs in UK
- Diageo makes US$780.5m beer deal with Heineken
- SABMiller formally rejects AB InBev's offer
- The IWSR Duty Free/Travel Retail Summary Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research