Wine entrepreneur Franklin Tate is selling two key private assets – a South West vineyard and an Eagle Bay pad – following the collapse of his business centred on Margaret River operations.
Insolvency practitioners have taken control of Margaret River wine producer Tate Wine, the latest local alcoholic beverage maker to buckle under industry headwinds.
A group of former Evans & Tate grape growers have established a co-operative to negotiate the sale of their fruit to other industry players, after receivers for the Margaret River winery revised its 2008 vintage contracts.
FORMER Evans & Tate Ltd executive chairman Franklin Tate has resigned as a director and brand and product ambassador of the company effective on August 13 2007.
Former Evans & Tate Ltd executive chairman Franklin Tate has resigned as a director of the company, as well as being its Brand and Product ambassador, the company announced today.
Yarraman Winery Inc is considering a fresh takeover proposal for Evans & Tate, three months after the little-known US-based company's opportunistic $148 million bid was rejected by the Margaret River winery.
Evans & Tate have rejected a $131 million takeover proposal from Yarraman Winery Inc following a week of close discussions with senior management from the US-listed wine group.
Listed winemaker Evans & Tate expects to report a loss of between $4.8 million and $7.5 million in the current financial year after writing down the value of its wine inventory and one of its subsidiaries.
