Desert Heart in good health

Central Otago Mirror - - SPORT -

The Ban­nock­burn win­ery Desert Heart is fully op­er­a­tional and in good fi­nan­cial health, di­rec­tor Denny Downie says. The win­ery is owned by Desert Heart Es­tate Ltd, a 50 per cent share­holder of the Desert Heart Wine Com­pany, which was re­ported in the Mir­ror to be in re­ceiver­ship last week and is now in liq­ui­da­tion. But Ms Downie said the win­ery was not af­fected by the liq­ui­da­tion. The Desert Heart Wine Com­pany was es­tab­lished in 2006 be­tween Ms Downie and her part­ner in Desert Heart Es­tate, Jane Gill, and Auck­lan­ders Stu­art Chap­man and Eric Spencer, of the com­pany Cosmo Ltd. Mr Chap­man and Mr Spencer owned a vine­yard, Cosmo, in the same area. The Desert Heart Wine Com­pany was es­tab­lished to be a joined dis­tri­bu­tion com­pany. But dif­fer­ences be­tween Desert Heart Es­tate and Cosmo Ltd led to the liq­ui­da­tion. The ‘‘un­se­cured cred­i­tors’’ owed al­most $2 mil­lion by the Desert Heart Wine Com­pany were the share­hold­ers in the com­pany, Ms Downie said. The Mir­ror apolo­gies for any mis­un­der­stand­ing over last week’s re­port.


Beat­ing strong: Desert Heart win­ery in Ban­nock­burn is in good heart.

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