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Poor climate for winemakers, good news for drinkers

By Wine Atlas, Thursday 30 June 2005 :: Wine - Australia :: #24 :: rss

FINANCIAL strife at Western Australian winemaker Evans & Tate proves again that it is a drinker's market at the moment.

Evans & Tate executive chairman Franklin Tate.

E&T halted the savaging of it shares yesterday with an announcement it would sustain its first ever loss and slash the value of its stock by nearly 10 per cent.

There had been fears that the winemaker was on the brink of collapse, prompting a massive 50 per cent slide in its share price over the past week.

By HEATH ASTON

Continue reading : dailytelegraph.news.com.au

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