Scandal-hit major national grape giant collapses owing $43m

The Grape House Group, a major Australian grape grower operating a 1,775-hectare farm in NSW, has entered liquidation owing more than $43.8 million, with Hamish MacKinnon of Dye & Co appointed liquidator and secured creditor Westpac, owed $34.7 million, appointing Stewart McCallum and Scott McKinnon of EY as receivers and managers, following mounting losses attributed to falling export prices, rising production costs and flood damage, with the collapse coming a year after the company was fined $1 million for breaching biosecurity laws.

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