December 18, 2012
Historic Australian winery collapses into administration
The causes of the winery's collapse are still not clear but Australia's wine industry has been struggling as a result of exports which have been hurt by recession in key export markets and a soaring Australian dollar, which has made wine exports uncompetitive against rising competition from new low-cost wine producers.
The causes of the winery's collapse are still not clear but Australia's wine industry has been struggling as a result of exports which have been hurt by recession in key export markets and a soaring Australian dollar, which has made wine exports uncompetitive against rising competition from new low-cost wine producers.