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Historic German winery faces insolvency
Summary by Daily Telegraph NZ
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Historic German winery faces insolvency
One of Germany’s oldest wineries could become insolvent by 2027 as mounting losses expose the growing pressures facing the country’s wine industry and wider economy. State-owned Landesweingut Kloster Pforta, whose origins stretch back to Cistercian monks planting vineyards in the 12th century, has suffered persistent financial losses since 2020, with an Ecovis audit concluding its existing business model is unsustainable without major restructur…
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