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Foley Wines emerges from tough year with US sales boost

An over-supply in the market and higher costs led to less than ideal result, says CEO Mark Turnbull.

Foley Wines-owned Vavasour winery in the Awatere Valley.

Will Mace Fri, 18 Oct 2024

The past year has been the toughest in Foley Wines chief executive Mark Turnbull’s working life, as the NZX-listed winemaker faced an over-supply in the wine market and a higher cost to sell.

The company, which is 66.5%-owned by interests associated with Kiwi-American billionaire Bill Foley,

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Will Mace Fri, 18 Oct 2024
Contact the Writer: william@nbr.co.nz
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Foley Wines emerges from tough year with US sales boost
Investment,
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