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July 2002
Wine Business Stock News
Major news this month is the continued consolidation in the Australian wine industry. In late May, Allied-Domecq announced that it is increasing its stake in Australian wine company Peter Lehmann Ltd. This announcement was followed by merger-announcements from Cranswick and Evans & Tate as well as Simeon and McGuigan. During May the Dow settled back down a bit, falling 0.21 percent, while Nasdaq continued its decline, dropping 4.29 percent. Our realigned Wine Business Stock Index sank slight...
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