Skip to main content

Australian Wine Society in Debt

Members moves on from the Australian Wine Society.
It seems just about everybody is investing in vineyards. The wine industry has drawn in big investors and hobbyists. Unfortunately, people do not think before they jump in. They are seeking to fulfill a dream: there is a certain amount of glamour involved in saying I am a wine maker, a vintner.

There is a world glut of wine, particularly the cheap ones. Nations have pushed to establish new vineyards. It has had the aura of a local car industry or airline. Newcomers enter the industry all the time without doing any research and little training.
Australian Wine Society
Too much drinking not enough thinking
It is not surprise to hear that the oldest wine club in Australia founded in 1946 is literally in the red, by a shocking amount. It owes a staggering $4.2 million to its wine producers. It operates as a distributor, buy and selling, though ostensibly not-for-profit. Supermarket chains sell nearly all wine in Australia and in a situation of oversupply they don't pay much for it. These major players "do" their homework, unlike the suppliers.

The Wine Society is in deep trouble. Things are so bad that membership of the prestigious club has fallen by a quarter over the last three years. Demand for premium wines which used to have a high, profitable markeup has dramatically declined. Consumers buy more of the cheap stuff.

To clear the debt a complicated "splitting" of the business is taking place. However, selling the wholesale section to the Fogarty Wine Group for a measly $75,000 will not help its finances at all. Though it will allow the society to borrow $3 million. Taking on more debt is folly.
◆ Society by Ty Buchanan ◆
●
 
            Australian Blog ★  Adventure Australia
ALL BLOG ARTICLES· ──► (BLOG HOME PAGE)
australian, wine, society, members, growers, grapes, vineyards, vintners, drinking, thinking, investment, articles news politics economics society anthropology historiography history sociology people nations country asia europe africa u.s. south america central Mediterranean eastern western interesting funny technology adventure australia blog australian blog free news sex
Labels:

Popular posts from this blog

Happy Cow

"Yes, I am content." ✿ Funny Animal Photos contented cow field Adventure Australia Funny Weird Things Articles News Reviews ● ⌘   Vista Computer Solutions Blog   ⌘ ✤ . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . . . . . cow content happy good life free field paddock green grass milk dairy COW NOT LEAVING HOME
Read more

Anthropology Has New Theory on Australian Aboriginals

New theory on Australian Aboriginals - Anthropology. Australian Aboriginals split from Eurasians and moved south into the dry continent. Twenty thousand years later the world warmed up and Australia was cut off from its northern neighbors. This is the latest theory.  But when Europeans initially came to Queensland there were two types of native people. Each was a distinct genetic pool. One was like Papua New Guineans. The other was very slight and shorter. It is the latter that predominates today. Papua New Guineans Australian Aboriginals Some scientists still hold that there was only one move out of Africa. This is an unsustainable supposition. The doors for movement were always open. Australian Aboriginals were quite unique. It seems that they were the first to leave Africa. There is also the question of Tasmanian Aboriginals who were wiped out by arriving Europeans. There is no evidence of them now. They could not light fires. The flames had to be stol...
Read more

Beatboxing - Percussion Sounds of the Mouth

There must be a dearth of things to study. Scientists are now researching the odd sounds that people make. It may seem weird but its true. Those who can make odd sounds are called beatboxers. Scientists are interested in percussion sounds. These are expressed in Celtic, Chinese, North American and Indian cultures. Hip-hop is an area of great interest. A young "practitioner" had MRI scans done on his mouth while he created percussion sounds. The conclusion reached is that a lot of brainpower is involved in imitating percussion. It "is a small part of the larger puzzle," experts say. In my view it takes little mental concentration. Just put your tongue behind you top teeth a "tap" away. http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://adventure--australia.blogspot.com/atom.xml http://www.technorati.com/blogs/ . . . . . . . . . . . . . . . . . . . . Society Vista C...
Read more