January 14, 2013
Yellow Tail Maker Takes Hit from Australian Dollar
The maker of Australia's mass-market Yellow Tail wine is in emergency talks with its lender after recording its first loss in more than 20 years, illustrating how the soaring Australian dollar is squeezing local wineries dry.
The maker of Australia's mass-market Yellow Tail wine is in emergency talks with its lender after recording its first loss in more than 20 years, illustrating how the soaring Australian dollar is squeezing local wineries dry.