Supply: Wines of Greece
The Greek vineyard “Tsantalis”, which, along with wine, additionally produces ouzo and different spirit distillates, has submitted to the District Court docket of Thessaloniki a request to be declared bankrupt and to set a date for the suspension of its funds, ANA-MPA reported. The request is predicted to be heard on October 11.
Tsantalis is among the many largest wine exporters in Greece with a presence in 50 nations worldwide.
The president of the corporate’s employees’ union, Sakis Caligas, stated the vineyard has stopped manufacturing since August 2023, and this 12 months, for the primary time in its historical past, the grapes weren’t harvested, so it was unable to bottle and provide to market merchandise from the brand new harvest.
The information of the vineyard’s chapter will not be completely shocking, as a result of it has been dealing with acute issues for a while regardless of the extraordinary seek for an investor.
In accordance with data from dependable sources cited by ANA-MPA, the corporate’s liabilities exceed 65 million euros and are owed to 5 banks, the finances, insurance coverage funds and workers. Lately, the turnover has been falling repeatedly, and its money owed are growing.
Nevertheless, in response to Sky TV, talks with one other firm within the trade, “Elinika Inopia” of the Georgiadis brothers, proceed with a optimistic signal. It’s stated that for 2-3 months they’ve been making an attempt to “lengthen a serving to hand” to the corporate “Tsantalis”, however for now it stays unknown whether or not an settlement might be reached on the worth of the transaction.
Tsantalis relies within the village of Agios Pavlos on the Halkidiki peninsula and has vineyards in lots of areas in Northern Greece – Maronia, Halkidiki, Rapsani and Naoussa.
“Proto Matter” remembers that the Tsantalis household has been engaged in viticulture, winemaking and the manufacturing of brandy and ouzo since 1890. The founding father of the corporate, Evangelos Tsantalis, opened his first vineyard in Serres in 1938, and in 1945 he began producing ouzo within the heart of Thessaloniki. The corporate first exported wines overseas in 1962, and within the Seventies and Nineteen Eighties achieved nice success with its Agioritikos and Makedonikos wines.
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