Australian Vintage readies ‘make where sold’ wine brand as half-year sales slip – results data

Sales in six months to end of December fall 7.4% to AUD126.1m (US$80.1m)Deterioration in top line from fiscal 2024's +1%Unveils Poco Vino, seven-strong range "utilising a global sourcing strategy for the markets it will sell within"Australian Vintage has booked a mid-single-digit decline in sales from its latest half year ahead of the launch of a new brand, Poco Vino.The company, which saw its sales in the full year of fiscal 2024 (to the end of June) inch up by 1%, said late last week that its performance in the first six months of the current financial year came in down by almost 7.5%. Despi