Australian wine giant under new ownership

17 September, 2008

Palandri Wines has emerged from administration with a new name and a new owner.

The Western Australian producer will now be known as 3 Oceans Wine, after being purchased by Chinese entrepreneur Xibo Ma. He was previously the second biggest shareholder in Palandri.

Chief executive David Wheeler said: "After a challenging time for Palandri I am delighted to be able to lead the business in a new direction where its potential can finally be realised."

"3 Oceans Wine Company have provided the capital structure which will harness the Palandri's resources of quality Western Australian vineyards, winemaking facilities in Margaret River and team of passionate and knowledgeable people to help build Palandri's reputation as a global supplier of quality Western Australian wines."

General manager of the UK and Europe operations, David Hodgson, added: "Palandri has built a reputation for exporting excellence, and has great potential in this region. With the new ownership we're looking forward to continuing our efforts in building the Palandri brand and championing Western Australia in new and existing European markets."




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Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle ľ which makes it especially galling that we spend so much time divided over it.

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