Receivers appointed to Margaret River winemaker Tate Wine

Receivers appointed to Margaret River winemaker Tate Wine

Administrators from Cor Cordis were put into the business on Friday but were quickly superseded by receivers from FTI Consulting appointed by Tate Wine’s secured creditor, Westpac.

Receivers take control of Margaret River wine producer Tate Wine

Insolvency practitioners have taken control of Margaret River wine producer Tate Wine, the latest local alcoholic beverage maker to buckle under industry headwinds.

Veteran Margaret River winemaker collapses

The receivers will now assess the group’s financial position to establish whether it can be sold or recapitalised in the hope of generating a return for Westpac and other creditors.