Sales offer whiff of hope for Rathbone winery

Wine types are hopeful that transactions within the besieged wine sector appear to be gathering pace, which could be good news for Nufarm boss Doug Rathbone. Of late, Margaret River’s Clairault Wines was sold to New York real estate executive John Streiker. Streiker, chairman of Sentinel Real Estate Corp, has been developing vineyards in the region for the past decade, according to The Australian Financial Review. Another winery, in the Mornington Peninsula, is understood to have been sold to a Chinese investor interested in taking supply straight back to China.