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AUSTRALIA: Business as usual at PLW

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There will be no changes to corporate strategy at Peter Lehmann Wines following the take-over by the Swiss Hess Group, according to managing director Doug Lehmann.

Hess now has 81.4% of shareholding following a take-over battle with Allied Domeq.

Founder Peter Lehmann who initiated take-over, favouring Hess, retains 10% and a number of smaller shareholders are remaining.

Hess chief executive Max Lienhard has been formally appointed to the PLW board.


Sectors: Wine

Companies: Allied Domecq

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