UPDATED: Shareholder dispute over Lamont Wines

UPDATED: Shareholder dispute over Lamont Wines
Lamont Winery is half owned by Southern Venture and half owned by the Gassons.
Paul McBeth
The co-owner operators of Lamont Wines say they will bid to buy the half of the boutique wine producer they don’t own, after BusinessDesk today revealed receivers were appointed over the property.Shareholder Southern Ventures appointed receiver Duncan Fea on April 8 after the winery defaulted on its loan. Fea has said he is looking to sell Lamont’s vineyards and wine business.Craig and Angie Gasson, who own the other half of the company and operate the winery, say the receivership is “ultimately a positive step forward because...

More Finance

ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024
Consumers agree on what constitutes fairness: FMA
Finance

Consumers agree on what constitutes fairness: FMA

NZ consumers have a remarkably consistent understanding of fairness, research finds.

Tom Raynel 18 Jul 2024