Menu
Menu
Cockatoo Ridge Wines enters administration

Cockatoo Ridge Wines enters administration

Winery Cockatoo Ridge Wines (ASX:CKR) has entered voluntary administration, as it became the latest victim of the downturn in the local wine market.

Company directors have come to believe that the company and its subsidiaries – which include Australian Commercial Wines and Playford Wine Holdings – will become insolvent in the third quarter, the board announced in an ASX release.

Cockatoo Ridge has appointed BDO Kendalls as a voluntary administrator, effective immediately.

CKR shares have been suspended since January 10, and were last trading at $0.03.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags bankruptcywineCockatoo Ridge Wines

Show Comments
Computerworld
ARN
Techworld
CMO