Your favourite wine could disappear soon as major Dan Murphy’s supplier faces crisis
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The Australian wine industry is facing a significant shake-up as Salena Estate Wines, a major supplier to popular liquor chains Dan Murphy’s and Liquorland, enters voluntary administration.
This development comes nearly a year after the South Australian wine producer attempted to find a buyer, signalling potential trouble in the vineyards.
Salena Estate Wines, a family-owned winery located in the Riverland region, was appointed KPMG administrators Tim Mableson and Ryan Eagle last Thursday, February 22.
The winery, along with its extensive vineyard, much of which is certified organic, was listed for sale in April last year.
The sale included the estate’s cellar door, restaurant, bottling line, office, warehouse, laboratory, and bulk wine storage facilities.
The first meeting with creditors is scheduled for Tuesday, February 27, at the Berri Hotel, where further action will be discussed.
The outcome of this meeting could have significant implications for the Australian wine market, particularly for fans of the wines stocked at Dan Murphy’s and Liquorland.
The Riverland region is a powerhouse in the Australian wine industry, responsible for a significant portion of the wine exported to international markets.
Salena Estate Wines is no small player, producing an average of 15,000 tonnes of wine annually and exporting to 10 different countries.
In 2020, China was the largest export market for Australian bottled wine in terms of value and the second largest in terms of volume, according to the Department of Agriculture.
However, the introduction of a punitive tariff on Australian wine by China in 2021 likely impacted the profitability of Salena Estate Wines. This blow was followed by devastating floods in the region the following year, which crippled the harvest.
The winery has been owned by Bob and Sylvia Franchitto since 1998 and was named after their daughter.
In addition to producing its own wines, Salena Estate also offers bespoke bottling and bulk wine services locally. The 191-hectare winery is currently for sale via negotiations with commercial property sellers Colliers.
The future of Salena Estate Wines is uncertain. The meeting with creditors will likely determine the winery's fate.
KMPG has yet to release a statement about the voluntary administration.
What are your thoughts on this, members? Do you have a favourite wine from Salena Estate Wines? Let us know in the comments below.
This development comes nearly a year after the South Australian wine producer attempted to find a buyer, signalling potential trouble in the vineyards.
Salena Estate Wines, a family-owned winery located in the Riverland region, was appointed KPMG administrators Tim Mableson and Ryan Eagle last Thursday, February 22.
The winery, along with its extensive vineyard, much of which is certified organic, was listed for sale in April last year.
Salena Estate Wines has entered voluntary administration. Image source: Salena Estate Wines/Facebook
The sale included the estate’s cellar door, restaurant, bottling line, office, warehouse, laboratory, and bulk wine storage facilities.
The first meeting with creditors is scheduled for Tuesday, February 27, at the Berri Hotel, where further action will be discussed.
The outcome of this meeting could have significant implications for the Australian wine market, particularly for fans of the wines stocked at Dan Murphy’s and Liquorland.
The Riverland region is a powerhouse in the Australian wine industry, responsible for a significant portion of the wine exported to international markets.
Salena Estate Wines is no small player, producing an average of 15,000 tonnes of wine annually and exporting to 10 different countries.
Salena Estate Wines produces an average of 15,000 tonnes of wine annually. Image source: Salena Estate Wines/Facebook
In 2020, China was the largest export market for Australian bottled wine in terms of value and the second largest in terms of volume, according to the Department of Agriculture.
However, the introduction of a punitive tariff on Australian wine by China in 2021 likely impacted the profitability of Salena Estate Wines. This blow was followed by devastating floods in the region the following year, which crippled the harvest.
The winery has been owned by Bob and Sylvia Franchitto since 1998 and was named after their daughter.
In addition to producing its own wines, Salena Estate also offers bespoke bottling and bulk wine services locally. The 191-hectare winery is currently for sale via negotiations with commercial property sellers Colliers.
The future of Salena Estate Wines is uncertain. The meeting with creditors will likely determine the winery's fate.
KMPG has yet to release a statement about the voluntary administration.
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