Insurance chief serious about wine portfolio (NZ)

Insurance chief serious about wine portfolio (NZ)

American billionaire Bill Foley has thrown his clout behind New Zealand, pushing to increase his winemaking business here 16-fold. Mr Foley, the chairman of two Fortune 500 companies, told The New Zealand Herald he saw an opportunity to build up exports from wineries around the country. He would push New Zealand wines on his global distribution channels and expand production from 60,000 cases a year to a million, he said.

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