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Apr 2003 Issue of Wine Business Monthly
During February, BRL Hardy's largest shareholder and the Australian regulators gave their blessing to the merger between BRL Hardy and Constellation Brands. Moodys confirmed their Ba2 rating of Constellation. Fosters stated that the tougher competition in the wine industry would make it hard for Fosters to meet its targets for FY 2003. Fortune Brands reaffirmed its quarterly and annual earnings expectations. Brown-Forman reported an earnings boost, due to Jack Daniels. Southcorp announced that a...
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