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Villa Maria's parent company owes banks $211.9m, receivers' report says.


Its assets are yet to be confirmed.
In the lead up to the appointment of receivers Villa Maria came under pressure due to issues with the group s financial structure, the report said.
The group had been running a process to raise equity and sell surplus land in Mangere, Auckland. Receivers had helped Villa Maria directors sell the land, it said.
Shares in Villa Maria were being sold but details relating to the sale process were commercially sensitive, the report said.
In May Gibson said Villa Maria had been looking to raise capital.
New investment or a sale of shares had been considered, and it was decided all shares in Villa Maria Estate would be sold, he said at the time. ....

New Zealand General , New Zealand , Alan Stuart , Brendon Gibson , Karen Fistonich , Neale Jackson , Villa Maria , May Brendon Gibson , Calibre Partners , Villa Maria Estate , May Gibson , Sir George , புதியது ஜீலாந்து , ஆலன் ஸ்டூவர்ட் , பிரெண்டன் கிப்சன் , நீல் ஜாக்சன் , வில்லா மரியா , காலிபர் கூட்டாளர்கள் , வில்லா மரியா எஸ்டேட் , இருக்கலாம் கிப்சன் , ஐயா ஜார்ஜ் ,

Wine giant Villa Maria's owner owes $212m to bankers - report


File photo.
Photo: (Photo by Kym Ellis on Unsplash)
At the time, one of the receivers, Brendon Gibson stressed that Villa Maria s domestic and international business, which had been operating for 60 years, remained in good health.
The wine company had been going through a well-publicised process to find a new investor and placing the FFWL into receivership was a necessary step to speed up that process, Gibson told RNZ in May.
The first receivers report, released earlier today, said the company owed its bankers $211.9m.
Money owed to the tax department was not yet known, and the report did not disclose the value of its assets because of commercial sensitivity. ....

Brendon Gibson , Villa Maria , Scales Corporation , Pernod Ricard , Calibre Partners , Accolade Wines , பிரெண்டன் கிப்சன் , வில்லா மரியா , செதில்கள் நிறுவனம் , பேர்நோ ரிக்கார்ட் , காலிபர் கூட்டாளர்கள் , இடையினைணப்புக்கோடு ஒயின்கள் ,

Wine giant Villa Maria's owner owes $212m to bankers


Wine giant Villa Maria s owner owes $212m to bankers - report
Nicholas Pointon
© Getty
Representation image of a vineyard
The company that owns the wine giant Villa Maria owes its bankers $212 million, a first receivers report says.
At the time, one of the receivers, Brendon Gibson stressed that Villa Maria s domestic and international business, which had been operating for 60 years, remained in good health.
The wine company had been going through a well-publicised process to find a new investor and placing the FFWL into receivership was a necessary step to speed up that process, Gibson told RNZ in May.
The first receivers report, released earlier today, said the company owed its bankers $211.9m. ....

Brendon Gibson , Villa Maria , Pernod Ricard , Scales Corporation , Getty Representation , Calibre Partners , Accolade Wines , பிரெண்டன் கிப்சன் , வில்லா மரியா , பேர்நோ ரிக்கார்ட் , செதில்கள் நிறுவனம் , காலிபர் கூட்டாளர்கள் , இடையினைணப்புக்கோடு ஒயின்கள் ,