Vineyards that have been on the market for years are starting to sell as buyers gain confidence in the wine industry again, Marlborough real estate agents say. Bayleys Marlborough agent Tim Crawford said the company had sold 12 vineyards in the past year.
Treasury Wine Estates is under renewed pressure to sell its troubled US division after a report from Merrill Lynch analyst David Errington declared the company could deliver at least $2 billion in extra value to shareholders by breaking itself up.
TWE marched previous boss David Dearie in September over $160 million in writedowns taken against the US business. Since then non-executive director Warwick Every-Burns has been filling the role on an interim basis.
Fernz, New Zealand producers of ultra-premium Sauvignon Blanc, Chardonnay and Pinot Noir reveals its redesigned logo and label that will debut with its 2013 vintage, Sauvignon Blanc. The new logo and label is designed by award winning graphic designer, Michael Kornoff.