Fox Creek Wines in McLaren Vale has gone into voluntary administration.
KPMG Australia’s Tim Mableson and David Kidman have been appointed as voluntary administrators.
They have assumed day-to-day control of the operations and will continue trading on a business-as-usual basis while a restructuring plan is developed for creditors’ consideration.
Tim Mableson, Turnaround & Restructuring Partner, KPMG Australia says, “Fox Creek Wines has been a mainstay of the McLaren Vale wine region for the past thirty years.
“As administrators, we will be working with stakeholders to formulate a restructuring plan that achieves the most optimal outcome for creditors.
“We ask consumers to show their support for Fox Creek by purchasing its…
