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March 2003
Australia's New Player Seeks Share of US Market
by Nate Mitchell
The past year has seen a growing trend toward consolidation in the global wine industry. An increasing number of small and mid-size wineries are combining to gain market share in an increasingly competitive industry. The recent marriage of two Australian wineries--Brian McGuigan Wines and Simeon Wines--highlights this international trend. The US$116 million strategic alliance took place on June 21, 2002, and subsequently created Australia's third largest pure wine company with a strong platform ...
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