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Lines and wines - a twisted tale

Lines and wines - a twisted tale
Newsroom
16/12/2020
© Provided by Newsroom
The saga of Marlborough Lines and Yealands Wine involves legal action, a raid, secrets, lies, falsified documents, and millions in community money. This is what happened.
What do a Marlborough utility company and a vineyard with a spotty past have in common?
Possibly, it could be argued, too much.
Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the
New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , Marlborough Lines , Yealands Wine , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , மார்ல்பரோ கோடுகள் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

Lines and wine - a twisty turny story

Possibly, it could be argued, too much.
Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment.
Today, Rutherford tells The Detail why a local business advisor, David Taylor, is taking court action against the trustees of Marlborough Electric Power Trust, the owner of Marlborough Lines, over the 2015 purchase of Yealands Wines. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

The Detail: A deep-dive into the Marlborough Lines and Yealands Wine saga

Taylor told Rutherford he was concerned the lines company paid too much for Yealands, which has performed poorly in recent years. He believed tens of thousands of consumers and beneficiaries have been disadvantaged and should be compensated for the losses.
They re trying to find out about who knew what, when. What due diligence was done, what research was done, who declared conflicts, all sorts of things. And did the trustees really hold Marlborough Lines to account, says Rutherford.
Stuart Smith the Kaikōura MP (covering Marlborough) immediately came out with a public statement saying it was unclear whether a utility company, which is a very simple and organised and regulated business, had the skills to run a wine business - which is all about branding. [There’s] so much more uncertainty in the wine business. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,