Foley Wines emerges from tough year with US sales boost
An over-supply in the market and higher costs led to less than ideal result, says CEO Mark Turnbull.
Foley Wines-owned Vavasour winery in the Awatere Valley.
The past year has been the toughest in Foley Wines chief executive Mark Turnbull’s working life, as the NZX-listed winemaker faced an over-supply in the wine market and a higher cost to sell.
The company, which is 66.5%-owned by interests associated with Kiwi-American billionaire Bill Foley,
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