Finance

Covid claims boutique vineyard Lamont Wines

Paul McBeth
Thu, 15 Apr 2021

The receiver plans to sell the four vineyards and winemaking operations.
Paul McBeth
Thu, 15 Apr 2021
Boutique winemaker Lamont Wines is for sale after its joint shareholder withdrew its backing as the covid-19 pandemic knocked the Wanaka-based company.Shareholder Southern Ventures appointed Findex managing director Duncan Fea as receiver over Lamont’s property on April 8 after the winery defaulted on its loan.Southern Ventures registered its security over Lamont’s assets in January with a five-year loan, ranking behind Westpac. The bank first registered its security in 2014 and last changed the terms in October last year, with the...

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