Yellow Tail owner Casella’s profit up after acquisition spree

Yellow Tail owner Casella’s profit up after acquisition spree

The Griffith-based winemaker Casella Family Brands, owner of success story Yellow Tail with its distinctive image of a yellow kangaroo on the bottle, has boosted its full-year profit by nearly 10 per cent to $41 million following an acquisition spree that included Barossa’s Peter Lehmann Wines. The family-owned Casella bought out Peter Lehmann for $57m in late 2014 as it sought to ratchet up its exposure to the premium end of the wine market to complement its stranglehold on the commercial space, which is dominated by its Yellow Tail brand.

After the harvest: Vineyard values still in the doldrums

Small and medium-sized wine grape growers face the prospect of another bleak post-harvest selling season with vineyard values still in the doldrums. Between the end of the harvest and the pruning of the vines is when many growers weigh up whether to go round another year or sell out. While the lower dollar has helped big wine companies like Treasury Wine Estates report bumper profits, the price of wine grapes has remained flat, putting a damper on vineyard values.

English wine drinkers must be more like the Germans

ONE of the county’s top wine merchants has said British drinkers have to be more patriotic if our industry is to grow. Colin Munday, owner of the English Wine Centre in Alfriston, called on this country’s wine lovers to be more like the Germans and French in favouring their own products. His comments come after Prime Minister David Cameron praised Sussex winemaking in an exclusive piece for The Argus on Saturday.

Wine industry greats Terry Dunleavy and Tony Laithwaite take time out to reminisce

Like a fine vintage, a friendship between two stalwarts in the wine industry has stood the test of time with more than two decades between get-togethers. Terry Dunleavy MBE and Tony Laithwaite are known for doing great things. Dunleavy, the inaugural CEO of the New Zealand Wine Institute and patriarch of Waiheke Island’s Te Motu Vineyard Dunleavy family, was instrumental in taking the New Zealand wine industry to the overseas market.

Worms turn grape waste to good use

A central Otago vineyard is embracing worms as the secret to turning wine by-product into fertilising “black gold”. Mt Difficulty in Bannockburn this year bought 60kg of tiger worms to convert composted grape marc, made from grape seeds, skins and stalks, into vermicast, or worm poo. Mt Difficulty viticulturist James Dicey said vermicast was filled with nutrients and known as “black gold”.

Treasury Wine boss Michael Clarke a winner after ditching Oxo cubes for Grange

Would you believe that two years have passed since Treasury Wine Estate boss, Michael Clarke, kicked in the front door of our favourite wine shop. The sound of chainsaws has subsided at HQ, the barbarians from KKR and TPG are no longer at the cellar door. And the share price has soared from $3.50 to $9.50 during Clarke’s tenure which means his stash of multimillion dollar stock options are maturing nicely in the cellar alongside the Grange.

How much do you know about Australian Vintage?

Australian Vintage Limited (or AVL as it is sometimes known) is one of Australia’s largest wine producers and the architect of some of the country’s most recognisable brands, including McGuigan, Tempus Two and Nepenthe. But despite brand notoriety and years of award-winning winemaking under the belt, some confusion remains around just who Australian Vintage Ltd is. So drinks sat down with General Manager for Australasia and North America, Cameron Ferguson, to set the record straight.

Winery applications now open for Wine Island

CLARK Island will be transformed into a wine and food-lovers paradise again this November with the return of Wine Island. Held over four days from Thursday 10 November to Sunday 13 November 2016, the event has been hailed of one of Sydney’s most unique wine festivals and sold out almost immediately last year.

Interim Winemakers’ Federation CEO announced

Winemakers’ Federation of Australia (WFA) announced Tony Battaglene as interim chief executive officer (CEO) after the resignation of current CEO Paul Evans. Tony D’Aloisio, WFA president, said the board met in Adelaide last week to discuss the arrangements and begin the process of appointing a permanent CEO.

Scientists use DNA from mix of coffee and Shiraz grape to combat climate change

Scientists at the Royal Botanic Gardens will today announce that they have mixed the DNA from a coffee plant with that of a Shiraz grape vine to produce a hybrid that could in the future see viniculture in the Hunter Valley replaced by coffee production due to the impact of climate change. The coffee beans will grow on vine-sized bushes which will mean that the crop can be gathered without the need to replace costly machinery already in place for mechanised harvesting of grapes.

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