Daily Bulletin

Business News

  • Written by Will Fuller


Super-premium Barossa winery Torbreck has announced the acquisition of The Escarpment Winery in Martinborough (NZ) bringing together two of the New World’s great wine houses from either side of the ditch.

 

The Escarpment’s founder Larry McKenna – known as the ‘Prince of Pinot’ and an inductee into the New Zealand Wine Hall of Fame – will stay on as winemaker and all current employees will be retained.

 

“We’re excited about this strategic acquisition of one of New Zealand’s finest Pinot Noir producers,” Torbreck General Manager Peter Perrin said. “Larry is an international Pinot legend and his continued influence on the wines was an essential part of this negotiation.

 

“Larry has spent 18 years evolving his definitive New World Pinot style and we see this as a great marriage between Martinborough, the birthplace of New Zealand Pinot Noir and the Barossa, the home of Australian Shiraz.

 

“The acquisition is a logical step for Torbreck enabling us to expand our portfolio and bring our well established marketing and distribution strength to build both brands in Australia, New Zealand and beyond.”

 

The Escarpment Vineyard was established in 1999 by the Kirby and McKenna families. The assets include a 19ha vineyard, a 300 tonne winery, finished good warehouse and a brand portfolio across three price points ranging from the $19 -$25/bottle The Edge range to the Insight series, which includes the $90/bottle flagship Kupe single vineyard Pinot Noir.

 

The 2013 Kupe was the only Australasian wine in Wine Spectator’s Top 10 wines of 2015 and the 2016 Kupe Pinot Noir was recently rated the highest scoring New Zealand wine by the influential Wine Advocate Magazine.

 

In addition to its highly regarded Pinot Noir, Escarpment produces Riesling, Pinot Gris, Pinot Blanc and a Burgundian-style Chardonnay.

 

Note: At the time of release the sale remains subject to New Zealand OIO approval.

 

Payright buy now, pay later

Australian fintech and payment plan provider Payright today announced its move into e-commerce enabling accredited merchants to add the payment option to the checkout in their online store. Customers ...

Christine Kardashian - avatar Christine Kardashian

Home Office Ideas To Transform Your Office Into Something Great

It's a wise decision to make your home an extension of your main office or simply a standalone office. You can save money since you’re no longer renting an office space, and you feel more relaxed ...

News Company - avatar News Company

Tips To Ensure The Best B2B Ecommerce Customer Experience

The B2B ecommerce space offers an incredible array of opportunities. It is has registered growth at more than double the size of B2C ecommerce. These tips will help you greatly in improving your cu...

News Company - avatar News Company

Multi-channel Ecommerce And Its Unparalleled Benefits

With severe competition within the ecommerce industry nowadays, exercising measures for expansion has become crucial. When you’re planning to dive into areas of growing your business into a full-fle...

News Company - avatar News Company

Top 5 Reasons Businesses Are Shifting From Magento To Shopify

Although building an online business has been made simpler by the extensive use of the internet, maintaining its success is a journey rather than a destination. It involves critical decisions made a...

News Company - avatar News Company

Deliveroo appoints Laura Huddle as Head of Commercial in Australia

Leading online food platform Deliveroo has appointed Laura Huddle as Head of Commercial in Australia, as the platform continues to invest in building a strong and experienced local leadership team...

Sinead Harding - avatar Sinead Harding


The Conversation

Politics

Prime Minister on the Alan Jones Show

ALAN JONES: Prime Minister, good morning.    PRIME MINISTER: Good morning Alan, how are you? Good to hear you back on the air.   JONES: Thank you. Thank you very much. Can I just - there's a lot...

Alan Jones - avatar Alan Jones

The Greens side with activists, not farmers

The Greens’ Agriculture Spokesperson, Senator Janet Rice, today made some disgraceful comments in relation to the Government’s tough new penalties for keyboard warriors who incite activists to inv...

Senator Bridget McKenzie - avatar Senator Bridget McKenzie

Scott Morrison interview with Alan Jones - 2GB

ALAN JONES: The Prime Minister's on the line from Melbourne, Prime Minister good morning. PRIME MINISTER: Good morning Alan ALAN JONES:  thank you for your time. I wish we had three hours but look...

Alan Jones - avatar Alan Jones

Travel

DEAL: Kids stay and eat for FREE these school holidays!

Take these school holidays to the next level with the ultimate family escape at PARKROYAL Darling Harbour. What’s more, kids under 12 years of age, can stay and eat for FREE! ...

Liana Gardy - avatar Liana Gardy

How to Book a Hotel for Your Vietnam Trip

Finding a travel destination may turn out to be challenging at times. You may have a long bucket list, which leaves you spoilt for choice on where to visit first. Going through travel blogs and site...

News Company - avatar News Company

New Allianz data reveals the ‘forgotten’ European countries attracting Australian travellers this winter

FROM SPAIN TO THE UKRAINE - THE SURPRISE EUROPEAN DESTINATIONS BOOMING WITH AUSSIE TOURISTS Australian travellers are seeking new destinations beyond the Mediterranean when it comes to European...

Media Release - avatar Media Release

ShowPo