(First published in February 2020)The parent company of Villa Maria has been placed in receivership, and shares in the winery business will be sold. Brendon Gibson​ and Neale Jackson​ of Calibre Partners have been appointed receivers of FFWL, Villa Maria Estate’s sole shareholder. The receivership only affected FFWL and did not affect Villa Maria, which was trading profitably, Gibson said. Its only asset was shares in Villa Maria Estate and that was the only asset receivers would look to sell, he said. In February the Australian Financial Review reported that Swiss bank UBS was looking for a new owner or investor for Villa Maria.

Source: Stuff May 17, 2021 23:32 UTC