July 5, 2023
(press release)
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The Karadoc commercial winery in
Original Press Release:
We’ve announced changes to our Karadoc commercial winery in
A number of factors led to this difficult decision including: * Global decline in commercial wine consumption * Rising costs * Under-utilised capacity at the site “Making the decision to close a site is something we take very seriously and is a last resort after we’ve looked at all other possible options. We’re committed to assisting our team members to find future employment and continuing to support the local winemaking industry,” TWE Chief Supply Officer
The Karadoc winery has been in operation since 1973 and currently makes wine for TWE brands including 19 Crimes, Lindeman’s,
The company also plans to divest its commercial vineyards in
“We continually review our global vineyard assets to ensure they’re in the best possible places to grow our premium and luxury portfolio,” said Petty. “A number of factors contribute to our shifting vineyard footprint including changing consumer trends and wine preferences as well environmental changes such as higher temperatures and reduced access to water. “This has meant divesting some of our vineyard assets but also looking at opportunities to expand our footprint in new locations for future growth. “Last year we acquired
Source:
[Category: Brewers]
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