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Aramis Vineyards enters administration amid industry challenges
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Aramis Vineyards enters administration amid industry challenges
McLaren Vale wine producer Aramis Vineyards has entered administration with debts exceeding $1 million to the ATO, as global wine consumption declines and the lingering effects of Chinese tariffs and Covid hospitality closures take their toll. Unsecured creditors are owed nearly $1.5 million, including $1.2 million to the tax office. George Tsiakiridis, chief financial officer for the Flourentzou family, said the collapse was caused by “recent u…
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