One of Australia’s top 20 organic wine producers has reached the bottom of the barrel, with collapsed Riverland-based Salena Estate offered up for public sale.
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Bain Special Situations and Sona Asset Management, two specialists in distressed assets, are poised to take control of the country’s second-largest winemaker.
Vineyard owners in South Australia's Riverland are hitting the market as the wine industry feels the crush of a difficult vintage and China's tariffs on red wine.