KPMG has been appointed as administrators of the venerable McWilliam’s Wines Group which has failed after 141 years of continuous operation.
Gayle Dickerson, Ryan Eagle and Tim Mableson of KPMG were appointed administrators of McWilliam’s Wines and Mount Pleasant Wines and are undertaking a review of the company’s Griffith and Hunter Valley winemaking assets.
They are seeking to trade out of the company’s problems, either by recapitalising the group of through the sale of its businesses and assets.
It is understood structural changes to the wine industry saw the company, founded by Samuel McWilliam in 1887, facing hard times.
The company has been a major exporter since 1935, based on its well known Hanwood Estate at Corowa in the Riverland and Mount Pleasant in the Hunter Valley.
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