Winemaker Sacred Hill owes creditors $98.6m
Poor trading conditions and an inventory overstatement led to Westpac appointing receivers.
Hawke's Bay and Marlborough winemaker Sacred Hill owes creditors over $98 million, according a first report from receivers.
Sacred Hill was incorporated in 1999 and operates a well-known vineyard, winery, processing and distribution business in the Hawke's Bay.
The Sacred Hill group of
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