Celebrated Australian winery collapses as crisis decimating the industry spreads
A well-known Australian winery, Wines by Geoff Hardy, has gone into voluntary administration, highlighting the worsening strain across the country’s wine industry. The collapse matters because it reflects broader problems facing producers, especially in South Australia, where oversupply, weak demand and financial pressure are hitting both established and smaller businesses.
The company was founded by Geoff Hardy in 1980 and is based in McLaren Vale, near Adelaide. Administrators from KPMG were appointed on Monday, with Hardy saying difficult trading conditions had made the business unsustainable. The article links the failure to a wider industry downturn driven by a glut of red wine, falling consumption, reduced export demand and longer-term disruption from Chinese tariffs, even though those tariffs on Australian wine were lifted in 2024.
- Australian winery collapses amid wider industry downturn
- Oversupply and weaker demand are hurting producers
- South Australia’s wine sector remains under heavy pressure