ABC News – Australia
·australia
·2 hours ago
Profits shrivel as yellow tail winemaker posts $5.5 million loss
Casella Wines reported a $5.5 million loss for the financial year ending June 30, a steep decline from an $18 million profit in 2024. The family-owned company cited rising costs, tariffs, and falling consumption as key factors. Many in the wine industry are seeking government support to address ongoing challenges and oversupply issues.
Summary by Glance · ABC News – Australia
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