AUSTRALIA: Another record year for Beston
Australian vineyard manager Challenger Beston Wine Trust has recorded a 94% leap in profit, its fifth consecutive record year since its inception.
South Australia-based Challenger Beston buys and leases back vineyard properties from wineries to enable them to free capital for expansion elsewhere.
Managing director Christopher Atkins said the annual profit was A$10.4m (US$6.7m) based on A$85.5m (US$53.7m) of property acquisitions.
- Comment - Another One Bites Bacardi's Dust
- The End of the Road for International Beer Brands?
- just The Preview - Pernod Ricard's Q4 & FY
- Pernod Ricard's FY Performance by Region, Brand
- Comment - Hybrid Spirits: Innovation or Laziness?
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory
- Brown-Forman unveils Jack Daniel's UK push