No-one is finding the going easy in the Australian wine industry at the moment, be they grape growers, winemakers, or retailers. However, all the news from New Zealand – coming in on a near-daily basis –
leaves no doubt things are even tougher there, some reports suggesting up to 150 wineries and/or vineyards are being offered for sale. Nor are all of these small businesses. One business alone owes Westpac $AUD17 million.