NXT-listed Marlborough Wine Estates more than halves sales to related Asian distributor

Tue, 18 Apr 2017

By Paul McBeth April 19 (BusinessDesk) - NXT-listed winemaker Marlborough Wine Estates has more than halved its expected sales to a related party that's a major distribution channel in Asia. The maker of O:Tu and Music Bay wine brands was told yesterday that Hong Kong-based Great Esprit Ltd, which is largely owned by an associate of MWE executive chairman James Jia, is likely to buy $1.3 million of bottled wine in the year ending June 30, less than half the $3 million minimum annual commitment signed in 2015. Great Esprit distributes win...

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