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...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy

Nash promises Milford money won’t go on talkfest

Paul McBeth | Sat, 08 May 2021

Stuart Nash wants to see things happening within two years.

Transport

Safety studies reinforce need for 7 air traffic towers

Brent Melville | Sat, 08 May 2021

Airways NZ hasn't got its own way with regional airport closures as independent reviews back the need for continued safety oversight.

Technology FREE

Review: reMarkable 2 tablet a fine business tool

Henry Burrell | Sat, 08 May 2021

The beauty of this tablet is how unlike an iPad it is.

Partner Content

Productivity concerns and signs of stagflation

Inflation is to be expected in New Zealand, and whilst costs and prices rise, output capacity appears constrained, at least in the short-term; raising the possibility of stagflation.

Covid claims boutique vineyard Lamont Wines

Not convinced yet?

Your company has a subscription

Team