Feb 08
New South Wales wine producer, Casella Wines, is enjoying solid growth, despite tough conditions. The group has had great success exporting its Yellow Tail wine brand to the US. Casella Wines has reported a 1.5 per cent rise in annual profit for 2006-07 to $A65.3m. Casella is owned by members of the Casella family and has 460 staff. On 31 January 2008, MD John Casella noted that the high Australian dollar is making life harder for Casella, but the group is cutting costs. He said that the grape glut has gone, to be replaced by a shortage of grapes. The Australian Financial Review, February 1.
