Winery administrators working with stakeholders

March 1, 2024 9:05 am in by
Image by Steve Buissinne from Pixabay

It’s hoped a local winery can be saved, as administrators continue to run the business.

Salena Estate Wines was placed into administration recently, with it understood to have under 20 employees.

KPMG’s Turnaround & Restructuring Partner, Tim Mableson said “Their initial focus will be to stabilise the business as it continues to trade normally & at this stage they will be seeking a restructure or a sale of the business and will work with all stakeholders, including employees, suppliers, and customers, to maximise the outcome for all parties.”

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An initial meeting of creditors is due to be held next week.