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Overseas investment funds potential ZiwiPeak bidders
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Big name wine brands up for sale: There would be interest
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Big name wine brands up for sale: There would be interest
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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 - 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.