News

AUSTRALIA: Reynolds put in liquidation

Most popular

Coca-Cola alcohol launch a statement of intent

Interview - Beam Suntory CEO Albert Baladi

Coca-Cola reaps rewards of CEO's innovation bet

just-drinks meets Beam Suntory CEO Albert Baladi

Why are spirits brands still getting women wrong?

MORE

Reynolds Wines has been placed in liquidation. The announcement was made yesterday at a creditors' meeting. The group's liquidators are now looking at possible legal actions to cover the amount owed to secured creditors.

According to Australian Financial Review, liquidator Greg Hall of PricewaterhouseCoopers has secured A$300,000 (US$215,520) to fund the legal possibilities. It is expected the sale of Reynolds' current assets will not cover funds owed to secured creditors. As things stand, the group's unsecured creditors would receive nothing.


Sectors: Wine

Related Content

Silly Brands’ Silly Juice range - Product Launch

Silly Brands’ Silly Juice range - Product Launch...

Diageo takes US$1.3bn write-down after

Diageo takes US$1.3bn write-down after "year of two halves" - results...

Keurig Dr Pepper lines up Polar Seltzer franchise deal

Keurig Dr Pepper lines up Polar Seltzer franchise deal ...

Molson Coors Beverage Co highlights revamped Coors Light in ad push - video

Molson Coors Beverage Co highlights revamped Coors Light in ad push - video ...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?