Opinion

The wine industry – where can you invest?

Brian Gaynor
Sat, 06 Feb 2021

Brian Gaynor
Sat, 06 Feb 2021
Recent Australian media speculation Villa Maria Estate could be sold to Australian private interests raises an important issue regarding the ownership of our wine industry.Jim and Rose Delegat have demonstrated New Zealand owners can create great wine companies, yet we continue to sell these assets to foreign buyers. These sales result in a transfer in value to overseas investors and a potential reduction in the country’s tax take.Why doesn’t the Fistonich family-owned Villa Maria list on the NZX, particularly as it is looking to ra...

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