Major wine retailer puts vineyards up for sale amid industry-wide squeeze | Blow to SA wine: Mass…

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Major wine retailer puts vineyards up for sale amid industry-wide squeeze

The wine industry has been in a state of transition after a worldwide oversupply of wine in recent years. (ABC News: Hamish Harty)

Australia's largest retail drinks network, Endeavour Group, is shifting away from production and selling key vineyards and a bottling facility.

The sale comes as industry pains reach Australia's premium wine regions, with rising costs and a supply .

Producers have limited options to pass on increasing costs, so shoppers are unlikely to see higher prices.

As Australia's wine industry continues through a period of major change, even established operations are facing mounting pressure.

Now, one of the country's largest retailers is stepping away from production.

Blow to SA wine: Mass closure of cellar doors, vineyards and wine bottling

The operations of award-winning vineyards and cellar doors – including Chapel Hill in McLaren Vale – are among numerous SA wine sites being shut down by the owner of Dan Murphy’s.

Wine and liquor giant Endeavour Group will sell the famed Chapel Hill’s vineyards and heritage cellar door as part of a business restructure impacting numerous wine sites across the state.

Announced this morning, the company that owns Dan Murphy’s and BWS is also selling off vineyards and cellar doors at Riddoch Coonawarra and Krondorf Barossa, and will close a McLaren Vale bottling facility later this year.

The company planned to slash its grape production by more than 80 per cent in a bid to reduce investments in its grape growing portfolio, it said in a statement.

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