However, Lion Nathan stated that its wine sales in other regions, such as Australia and the UK, remained robust. The US accounts for less than 10% of the company’s wine business.
US: Lion Nathan US wine sales below forecast
The New Zealand-based beer and wine group, Lion Nathan, reported that its wine sales in the US had not come up to expectations in the past few months. Sales of the Petaluma and Banksia brands were down as distributors reduced stocks in response to the slowdown in the US economy, the company said.
February 6, 2002