AUSTRALIA: Southcorp announces operations review

By Tony Baker | 30 August 2001

Southcorp, one of the four big Australian wine producers, has announced a second wave review of its operations following what was effectively a reverse take-over by Rosemount. Chief executive Keith Lambert, formerly of Rosemount, said it would be completed by the end of the year and would concentrate on restructuring within Australia and possibly acquisition of a small Californian winery with under-developed brands.

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Southcorp, one of the four big Australian wine producers, has announced a second wave review of its operations following what was effectively a reverse take-over by Rosemount. Chief executive Keith Lambert, formerly of Rosemount, said it would be completed by the end of the year and would concentrate on restructuring within Australia and possibly acquisition of a small Californian winery with under-developed brands.

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