Wine warning from former Treasury boss

 In Australia, Coles, NewZealand, Woolworths
The former boss of the world’s biggest winemaker, Treasury Wine Estates, has warned that Australia’s highly fragmented wine sector needed to consolidate to give it enough muscle to push back against the supermarket duopolies Woolworths and Coles who were demanding fatter profits for themselves.
David Dearie, who was ousted from Treasury Wine in September, is reported to have told the Wine Vision 2013 conference in London this week that recently one unnamed Australian supermarket group had set out a goal of reaping 35 per cent margins from its sales of wine.  Sydney Morning Herald – Read more…

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