Tag Archives: New Zealand Wine Company

• US billionaire saves New Zealand Wine Company

US billionaire saves New Zealand Wine Company

American-owned Foley Family Wines has saved the struggling New Zealand Wine Company. In a statement the Marlborough winemaker said Foley Family Wines, owned by American billionaire Bill Foley, would take 80% of the company to satisfy NZ Wine’s bankers by cutting at least $5 million of debt. According to its June 30 accounts, NZ Wine had group […]