Eden Road Wines is being pulled from voluntary administration.
Creditors (those owed money) agreed on Friday to accept an offer from shareholders that will allow the winery to remain open while the debt of $3,457,711 is paid.
Up until the previous Friday, January 25, a sale of the winery was on the cards in order to clear the debt.
Documents drawing an end to the voluntary administrationare expected to be signed this week.
Voluntary administrator Vaughan Strawbridge of Deloitte said the agreement would also secure the jobs of all the staff at Eden Road Wines and maintain the winerys relationships withsuppliers and customers.
Our focus throughout this process has been to ensure the best outcome for everyone …This outcomewill ensure a strong …
Read the full article at: https://www.yasstribune.com.au/story/5878276/glass-half-full-at-eden-road-wines/
