Blog: The sorry tale of Evans & Tate
Olly Wehring | 29 August 2007
The sorry demise of Evans & Tate last week looked like the final nail in the Australian company's coffin.
While the troubled situation down under for wine makers is well-documented, the long-running saga of E&T's hunt for help has been the most physical sign of just how tough things are in the country.
Having made the move into voluntary receivership last week, quite what the future holds for E&T is difficult to predict. The receivers themselves are quite confident they can find a buyer, with a spokesperson for McGrath Nichol telling just-drinks that the company will "internationally advertise both in Australia and off-shore, including the west coast of America".
One bright ray of sunshine for E&T came at the end of last week, when McWilliam's Wines confirmed that they will be handling distribution of E&T's branded wines in Australia. Also, with Pendulum Capital, who was part of a consortium whose rescue package for E&T failed last week, saying it is still interested in buying the firm, the future for E&T may still not be as bleak for the company as initially feared.
Quite how the future looks for some of the Australian wine grape growers, who are owed hundreds of thousands of dollars by E&T may be more of a worry, however...
We certainly hope not.
Collecting wine is big business – and so is faking it. So, how do you tell your Chateau Lafite from your Chateau La Counterfeit?...
Here in London, the second Wine Week has kicked off to coincide with UK wine trade event London Wine Fair. ...
Commuting in London is a drag. It’s overcrowded, sweaty and rarely goes to plan. In fact, it’s enough to turn a person to drink....
When it comes to market speculation, a company holds the prerogative to comment or not. Most times it is the latter, but we journalists are always grateful for any quote that we can get....
- SABMiller & Meantime: Notes for the New Owner
- Comment - How to Target Cognac's Mok Generation?
- Focus - The Prosecco shortage that isn't
- Analysis - The Value of Prosecco
- Are Coca-Cola, A-B InBev at a FIFA Crossroads?
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo takes Baileys, Gordon's marketing in-house
- Carlsberg cuts 180 staff
- Suntory to buy Japan Tobacco beverage unit
- Mixto Tequila poised for "golden age"
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review