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Wine giant Villa Maria s owner owes $212m to bankers - report

File photo. Photo: (Photo by Kym Ellis on Unsplash) At the time, one of the receivers, Brendon Gibson stressed that Villa Maria s domestic and international business, which had been operating for 60 years, remained in good health. The wine company had been going through a well-publicised process to find a new investor and placing the FFWL into receivership was a necessary step to speed up that process, Gibson told RNZ in May. The first receivers report, released earlier today, said the company owed its bankers $211.9m. Money owed to the tax department was not yet known, and the report did not disclose the value of its assets because of commercial sensitivity.

Wine giant Villa Maria s owner owes $212m to bankers

Wine giant Villa Maria s owner owes $212m to bankers - report Nicholas Pointon © Getty Representation image of a vineyard The company that owns the wine giant Villa Maria owes its bankers $212 million, a first receivers report says. At the time, one of the receivers, Brendon Gibson stressed that Villa Maria s domestic and international business, which had been operating for 60 years, remained in good health. The wine company had been going through a well-publicised process to find a new investor and placing the FFWL into receivership was a necessary step to speed up that process, Gibson told RNZ in May. The first receivers report, released earlier today, said the company owed its bankers $211.9m.

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