NEW ZEALAND: Owner's death prompts Highfield Estate sale
New Zealand winery Highfield Estate has been put up for sale following the death of its co-owner.
The move follows the passing last month of Tom Tenurewa, who bought Highfield Estate with Japanese industrialist Shin Yokoi in 1991. The sale will include the Highfield Estate brand, which is currently exported to 18 countries, the winery, a restaurant and tasting room plus 82 ha of vineyard, along with two cottages on-site.
The vineyards produce around 1,000 tonnes of grapes each year.
Offers for the winery, located in Marlborough, are expected to exceed US$10m for both the estate and its namesake brand. The bidding process is expected to close at the end of November.
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