Dearie departs as cellar-dwelling days perk up

Ironically for David Dearie, the decision to oust him comes just as global wine fundamentals are looking more favourable than they have in well over a decade.

The impact of the decisions on the US inventory will hang over into the first half of this financial year, although the group is retaining its guidance of earnings before interest, tax and SGARA (the wine industry accounting treatment for inventories) of between $230 million and $250 million this year.


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