01 December 2025
01 December 2025
The Daou brand owner has decided to put in place "more conservative long-term market growth assumptions" due "to further moderation in US wine category trends".
In a statement, the UK brewer said the move "allows us to keep trading as normal while we secure new investment or explore a potential sale".
The Dutch firm wants an investor to “support the next phase of expansion”.
In a new report, local wine association Wine Australia said production exceeded sales in 2024–25, leading to a rise of 5% in national stock levels.
The appointment is expected to become formal following the company's annual shareholders meeting in late March and a subsequent board meeting.
The North American business had halted plans to reduce the number of market-traded shares in June.
“There will be no disruption to the supply of Guinness or Guinness 0.0 over the Christmas period,” a Diageo spokesperson said.
MD Simon Knight and founder William Watkins discuss the UK company's portfolio expansion and investment plans.
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