Australian Vintage backing a wine revival
This result comes amid an 11 per cent decline in wine export value, continued oversupply issues, and hyperinflation.
Source: theshout.com.au
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McGuigan to launch 'mid-strength' wine range at 7% ABV
Australian wine label McGuigan will launch a mid-strength wine collection next month for "moderating consumers", and retailers looking for "financial incentives" in the wake of duty reforms.
Source: thedrinksbusiness.com
AVG ASX: Australian Vintage CEO Craig Garvin expects mid-strength wines to take off in a similar way to the beer market where Great Northern and Carlton Draught are big brands.
The CEO of Australian Vintage says mid-strength McGuigan wines and Not Guilty zero alcohol wine tap into a fast-growing segment.
Source: afr.com