Image: Te Awanga Estate/Facebook
The Hawke’s Bay Wine Company, along with three related entities including the well-known Te Awanga Estate, is in liquidation.
According to the first liquidators’ report, the company – which includes Hawke’s Bay Wine Investments Limited, The Hawke’s Bay Wine Company Limited, Te Awanga Estate Limited, and Portside Wines Limited – reportedly owes a combined $12 million to more than 100 creditors.
The report states that the debt is spread across a wide range of stakeholders, from local suppliers to government agencies, including nearly $2…