Reviewed a little more on this brand JV with Vok. imo a desperate act and raising of a white flag for a company that should have a core competency of sales and marketing. A decision made by the Chief Accountant i'd presume.
See today too that Constellation are out looking at Aus/UK refloat and trade sale options. This won't assist with FGL options to remove the wine anchor.
This co continues to be a lost opportunity and mgmt underwhelms. It sits on my long term watch (and wait) list.
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