AUSTRALIA: Oatleys increase Southcorp control as Oz consolidation continues
The announcement that the former head of Rosemount, Keith Lambert, will replace Tom Park as Southcorp chief executive was followed by reports that the Oatleys have increased their shareholding to 16% - from the initial 13% as part of the deal which also limited them to 19.9% for two years.
The rapidly transforming Southcorp is now the seventh biggest wine company in the world with a wide portfolio of brands and a network of wineries and vineyards across Australia, predominantly South Australia, New South Wales and Victoria.
The momentum of Australian winery acquisitions and consolidation continues. One of the comparatively few remaining large family owned companies, McWilliams, has retained the investment bank Grant Samuel to advise it on future options from joint ventures to a possible public float.
The NSW based McWilliams had earlier acquired other small wineries in South Australia and Victoria and expanded its product range.
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Key Brands Performance - Scotch Whisky IV
- Tomorrow's Market Trends - Scotch Whisky III
- Category Trends - Scotch Whisky V
- Beam Suntory names CFO, makes structural changes
- Diageo to accept US$1m South Korea fine
- Brown-Forman shuffles director pack
- Spirits can fill music industry gap - Jagermeister
- Diageo's Smirnoff Red, White & Berry - NPD
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Consumer and Market Insights: Wine Market in China
- Global travel retail insights - market forecasts, product innovation and consumer trends