Woolies misses out on Barossa Valley Estate

 In Australia, NewZealand, Woolworths

Supermarket giant Woolworths has walked away from talks to purchase the wine assets of New Zealand’s Barossa Valley Estate, with Delegat’s Group making a successful offer to buy the vineyard for $24.7 million.
It was reported that Woolworths and other buyers, potentially overseas players including Chinese firms, were keen on buying the business after it lurched into receivership earlier this year.  Sydney Morning Herald – Read more…

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