AUSTRALIA: Croser comments betray mixed-feelings over Lion Nathan deal

By Tony Baker | 9 November 2001

The conflict in the decision to sell premium wine group Petaluma to brewer Lion Nathan surfaced briefly at Petaluma's last annual meeting. Founder and chairman of Petaluma Brian Croser described the sale as a "sad but deliberative and dignified process resolved in the interest of all shareholders." He added that Petaluma's board and staff "share my sadness that a life's work can only be sold once."

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The conflict in the decision to sell premium wine group Petaluma to brewer Lion Nathan surfaced briefly at Petaluma's last annual meeting. Founder and chairman of Petaluma Brian Croser described the sale as a "sad but deliberative and dignified process resolved in the interest of all shareholders." He added that Petaluma's board and staff "share my sadness that a life's work can only be sold once."

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