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News posted on Tuesday, 19 July 2005
Large wineries drive financial performance
The key findings of the 2004 Annual Financial Benchmarking Survey, released at the end of fiscal 2004-05 by Deloitte and the Winemakers’ Federation of Australia, showed that whilst Australia’s large wineries have substantially trimmed their costs to achieve improved financial performance, small and medium sized wineries have not achieved similar cost savings. The study examines the financial performance of wineries located across Australia for the 2004 financial year, and provides the wine industry with real data upon which to benchmark results.
Insights into ageing UK consumer at Wine Marketing Conference
The biggest trend for Australian producers to be aware of in the UK is the ageing wine-drinking population. That’s according to Lulie Halstead, research director for UK-based Wine Intelligence and keynote speaker at the Fourth ANZ Australian Wine Marketing Conference being held in Adelaide, South Australia on 1-2 August.
Kiwis pleased as WET rebate decision passed
New Zealand Winegrowers chief executive officer, Philip Gregan, has welcomed the June announcement that gives New Zealand wine producers exporting to Australia an equalisation tax rebate as “great news for the industry”.
Selling Sauvignon Blanc to the Kiwis
Australian wine company, Brown Brothers from Milawa, Victoria, has achieved enviable local and international success, with key markets in the UK, Europe, South East Asia, Japan and New Zealand. Ross Brown, chief executive of Brown Brothers recently hosted wine writers and met trade to showcase the second vintage under the company’s premium Patricia brand. Jo Jalfon reports in Australian Wine Business, Australian & New Zealand Grapegrower & Winemaker.
Foster’s announces senior global executive team
After an extensive business review with both Beringer Blass Wine Estates and Southcorp management, the senior global executive team that will lead Foster’s Wine Estates Supply Chain from 1 July 2005 has been announced.