Sales through Hill International represented around 6% of Cranswick’s turnover. The distributor owed Cranswick some A$2m which has already been allowed for in the company’s accounts for the second half of 2001.
AUSTRALIA: Cranswick confirms Hill liquidation
Australian winery, Cranswick Premium Wines Ltd, has confirmed that its domestic distributor, Hill International Wines, has gone into liquidation. Cranswick said it was negotiating with a number of potential distributors and expected to announce the appointment of a new distributor for the domestic market "in the near future".