Foley Wines Cuts Mt Difficulty Export Targets Amid Market Downturn
Foley Wines secured regulatory approval to scale back operations and export targets at its Mt Difficulty winery in Central Otago due to post-pandemic market downturns, according to regulatory documents released by Land Information New Zealand (LINZ). The company, majority-owned by American businessman William Foley, cited a 20% drop in international tourism, high operating costs, and … Read more