One of Australia's 'first families of wine' goes into administration as declining business performance and a changing wine market force family-owned McWilliam's to seek outside assistance.
One of Australia's 'first families of wine' has gone into administration as declining business performance and a changing wine market force family-owned McWilliam's to seek outside assistance.The winemaker has also had a long presence in the Hunter Valley with its Mount Pleasant estate
The company traces its history back through more than 141 years and six generations of family ownership in the Riverina district of southern New South Wales, although it has also had a major long-term presence in the Hunter Valley wine region through its well-known Mount Pleasant estate. "We are in the initial phase of the administration process where our priority is to undertake an immediate assessment of the business and its operations," KPMG partner Gayle Dickerson said in a statement.
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