One Aussie label fading away
If you're into collecting rare wines, grab a bottle of Broken Earth from Australia.
Tandou Limited, a southeastern Australian agriculture company, has decided to sell its winery at Monash as well as the Broken Earth name and get out of the wine business.
Chief executive Guy Kingwill said in an announcement that Tandou, founded in 1972, is facing significant challenges.
"We need to focus our resources and strategically have made the decision to focus our resources in the areas of the cotton farm and the orchard areas and had to make a decision to exit the wine business," he said.
Tandou began as a private company growing irrigated cereals and grazing merino sheep. It now is involved in producing both cotton and wool, owning and operating fruit orchards, and operating water management systems.
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Posted by William M. Dowd at 12:09 PM