View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 7, 2003

AUSTRALIA: Lion planning to create A$1 wine operation

The Australian wine and beer group, Lion Nathan, is planning to create a A$1 billion wine operation through the acquisition of further medium-sized wineries. According to reports, the group's chief executive, Gordon Cairns, confirmed the company's plans as he addressed a meeting with the Credit Suisse First Boston banking group.

The Australian wine and beer group, Lion Nathan, is planning to create a A$1 billion wine operation through the acquisition of further medium-sized wineries. According to reports, the group’s chief executive, Gordon Cairns, confirmed the company’s plans as he addressed a meeting with the Credit Suisse First Boston banking group.

Cairns said that Lion Nathan, which has already acquired the Banksia, Petaluma and Wither Hills, but lost out to Allied Domecq in its bid to acquire the New Zealand wine business, Montana, in 2001, still has a NZ$800m to spend on acquisitions.

In a separate announcement, Lion Nathan said it had appointed Jamie Tomlinson as its new chief financial officer, with effect from 1 May 2003.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Drinks