AUSTRALIA: "Toughest year" yet says wine boss
Stephan Millar, the Australian boss of the world's largest wine company Constellation Wines, has called the last 12 months "the toughest since I've been in the wine industry."
The Australian Financial Review reported the former managing director of BRL Hardy as saying that price competition continued to be savage in most of the key consumer markets around the world.
Millar was made head of Constellation Wines when its parent Constellation Brands bought BRL Hardy earlier this year. He was managing director of BRL Hardy when it first listed in 1992.
Millar said that Constellation's distribution network had helped the business weather the storm.
"Without the Constellation deal the job would have been much tougher, without those routes to market," Millar said.
A consortium led by Constellation Brands has made a tentative approach for Allied Domecq....
The Board of Directors of Constellation Brands, Inc. has declared a quarterly dividend on the company's 5.75% Series A Mandatory Convertible Preferred Stock, payable on 1 June, to shareholders of reco...
Constellation is expected to launch a counter-bid for Allied Domecq by the end of this month, according to press reports....
The Hardy Wine Company has posted a record grape harvest....
Constellation Brands is to launch a new Australian wine brand onto the US market through its North Lake Wines. The wine will be called Kelly's Revenge....
A host of drinks companies spent the weekend mulling over whether to launch counter-bids for Allied Domecq, according to press reports over the last few days....
This weekend's press reports have thrown up two other interested parties in the potential Allied Domecq carve-up....
Constellation Brands is interested in some of Allied Domecq's spirits brands, according to reports today (15 April)....
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