The agricultural and wine empire founded by prominent Adelaide businessman Ed Peter is cutting jobs, selling property and struggling to pay creditors while his hotels business is trying to raise money.
Mr Peter, the former head of Deutsche Asset Management in Asia, chairs Duxton, an investment vehicle that oversees a portfolio of pubs, vineyards, farms and water rights. Those companies are backed by a number of prominent investors, including the billionaire Oatley family, hedge fund manager Richard Magides and Phil King’s Regal Partners.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
