Australian Vintage weathers Euro storm

European economic turmoil will impact on McGuigan wine brand owner Australian Vintage this year, but it was unknown to what extent, chairman Ian Ferrier said.
“Our trading results for the first four months of the 2012 financial year are above last year. But given the uncertainty and volatility and its impact on our business it would be foolish to make any forecast at this stage for the full year,” he told shareholders at the group’s annual meeting in Sydney yesterday, reports Adelaide Now.