News Articles for Mike Calneggia

Pressure’s all part of the wine game

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Premium labels and new export markets offer hope as WA wine sector feels the squeeze.

The Grove Distillery sold

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The Margaret River distillery has changed hands for $5.5 million, with an Albany born NSW investor making the purchase.

Opportunities ripen as China re-engages

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An unusually short vintage and the end of China's tariffs have energised WA's wine industry.

Local wineries see benefit in improved China trade

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Western Australian wine producers have expressed cautious optimism about the potential reopening of China's market after high level trade talks.

Insiders lead Margaret River wine hunt

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Major local players have been active, but outsiders have woken up to the region's importance.

Hong Kong player amasses SW vineyards

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A company linked to Hong Kong's richest person has emerged as the buyer of a major vineyard in the Margaret River region, its fifth local purchase in recent years totalling $25 million.

Adapting to tariffs and a pandemic

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WA wine producers are managing the fallout from COVID-19 restrictions and China tariffs.

Spirit revives as wine returns to balance

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SPECIAL REPORT: After a gruelling decade, even a desultory 2016-17 summer could not dampen the growing enthusiasm among WA winemakers.

Tobin has big growth plans after Terrex, Aravina deals

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Perth entrepreneur Steve Tobin is gearing up for an expansion of oil and gas and minerals exploration in Australia, after selling a majority stake in Terrex Seismic to a private equity group to fund the acquisition of what he believes is a breakthrough technology.

Green shoots trimmed by WET conditions

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SPECIAL REPORT: After more than a decade of oversupply, winemakers are disappointed that tax issues might hurt an industry recovery.

CEO optimists on the rise

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WA chief executives are hoping a federal election year and a new direction from Malcolm Turnbull will ignite reforms needed to get the state moving again, according to the latest CEO survey by Business News.

Different routes to reach grape expectations

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FEATURE: Established wineries are setting their sights on longer-term goals as the sector recovers from the issues of the past decade, and faces new challenges.

Calneggia steps down from AWH

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Veteran wine industry player Mike Calneggia has resigned from Australian Wine Holdings Ltd, the company which is chasing resources investments after selling the bulk of its wine assets in the wake of the grape glut.

E&T faces grower stand-off

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A group of former Evans & Tate grape growers have established a co-operative to negotiate the sale of their fruit to other industry players, after receivers for the Margaret River winery revised its 2008 vintage contracts.

AWH to cut ties with wine sector

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A lack of support for the wine sector by financial institutions and investors has led Australian Wine Holdings Ltd's to turn its back on the industry and search for alternative investments.

Calneggia to buy AWH 's Wine Shack

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Australian Wine Holdings Ltd has conditionally agreed to sell its wine distribution business, Wine Shack Pty Ltd, to a company associated with its managing director Mike Calneggia.

AWH may target the US in tandem

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AUSTRALIAN Wine Holdings expects to sell 100,000 cases of its Pitchfork label to the US market within the next five years.

AWH moving into purchase mode

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AUSTRALIAN Wine Holdings is preparing the groundwork for a major acquisition with a fund raising effort to pay off debt associated with the purchase of Hay Shed Hill Estate for almost $6.3 million last year.

Headaches continue from failed merger

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IT is difficult to know which of the two prospective partners would've been more disappointed, at the time, by the failure of merger negotiations between Hotham Wines and Barrington Estate.