Marlborough vineyards top Delegat to-do list

Marlborough vineyards top Delegat to-do list
Delegat has substantial land holdings in Marlborough. (Image: Deposit Photos)
Paul McBeth
Delegat Group is focusing this year’s capital investment on developing Marlborough vineyards as it pushes to grow global sales by 25% over the next three years.The winemaker expects to spend $29.7 million on capital investment in the year ending June, down from the $62.2m spent in the June 2021 year, as it plans to grow global case sales by 798,000 to hit 3.98 million in the 2024 year.“In the coming year, the main focus of capital development is vineyard development, particularly in Marlborough, where we have significant land holdin...

More Markets

The man leading Synlait Milk’s recovery
Primary Sector

The man leading Synlait Milk’s recovery

George Adams says he's quite happy to have a beer with co-founder John Penno.

NZ sharemarket down 1.9% for the week
Markets Market close

NZ sharemarket down 1.9% for the week

The S&P/NZX 50 Index closed at 12,586.98, down 84.97 points or 0.67%.

Graham Skellern 18 Sep 2024
Turners Automotive’s big bet on growth
Markets

Turners Automotive’s big bet on growth

$3 billion up for grabs in fragmented vehicle repair market, Turners tells shareholders.

'Watershed' $217m Synlait vote passes
Primary Sector

'Watershed' $217m Synlait vote passes

Minority shareholders take their lumps as Bright Dairy takes more than 65% of dairy firm.