Sydney-based Yarraman Winery has launched a takeover bid for Evans & Tate after striking a deal with former executive chairman Franklin Tate to buy a 19.9 per cent stake in the Margaret River producer.

Sydney-based Yarraman Winery has launched a takeover bid for Evans & Tate after striking a deal with former executive chairman Franklin Tate to buy a 19.9 per cent stake in the Margaret River producer.