THE Embassy of Australia recently celebrated the increasing presence of food varieties from its country. Hosted by Ambassador Steven J. Robinson AO, the showcase featured iconic brands, including leading Australian food retailers Coles and Woolworths. “Aussie” firms have also tied up with Philippine retail giants SM Market, Robinsons Retail and…
De Bortoli Winesâ last-ditch McWilliamâs offer rebuffed
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Australiaâs eighth-largest wine group, De Bortoli Wines, lobbed a last-minute buyout offer to KPMG, the administrators of McWilliamâs Wines, which it claims was higher than the one that was accepted and led to the carve-up of the company into two parts.
But KPMG defends the process, saying that when it signed a deal on April 1 to sell the 144-year-old McWilliamâs business in two parts to buyers Calabria Wines and Medich Family Office it was the best offer on the table.
McWilliamâs Wines is being split up, with Calabria Wines acquiring the Hanwood winery and the Medich Family Office buying the Mount Pleasant winery in the Hunter Valley. Â