AUSTRALIA: Southcorp pushes through price rises
Australian wine group Southcorp has raised prices for many of its premium brands reversing its controversial aggressive promotional spending and discounting. The discounting, with the consequent shaved profit margins, was said to be a major factor in the four profit downgrades over two years, which resulted in the axing of chief executive Keith Lambert. Ironically the price rises were in the pipeline before Lambert's departure was announced.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Has the politics of M&A changed? - Analysis
- Most Valuable Spirits Brands in 2017 - The facts
- Fruit-flavoured beer? Think of the kids - Comment
- Most Valuable Beer Brands in 2017 - The facts
- Interview, Fever-Tree's founders
- Diageo's Captain Morgan LocoNut - NPD
- Anheuser-Busch readies US executive switches
- Brexit paperwork offers alcohol smuggling opp's
- Asahi’s Peroni Ambra - NPD
- Irish whiskey hails bid to relax distillery sales
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets