Two wine firms in receivership (NZ)

An internationally acclaimed Marlborough wine company is one of two in the region that has been placed into receivership. Awatere River Terrace and Koura Bay Wines were placed into receivership on Tuesday last week. Koura Bay Wines, which was established in 1997 and covers 51 hectares in the Awatere Valley, received numerous awards in national and international competitions throughout the 2000s for its Sauvignon Blanc, Pinot Noir, Pinot Gris and Riesling varietals, reports The Marlborough Express.