Australian Vintage has recorded widening half-year losses – citing one-off impacts and exchange rates – and said the company is "on track" to meet its forecast for sales growth across the year as a whole. The wine group booked a net loss of A$21.9m ($15.4m) for the six months to 31 December, compared with a loss of A$473,000 a year earlier. Earnings before interest, tax, depreciation, amortisation and SGARA (EBITDAS) was a loss of A$268,000 versus a positive A$11.1m in the first six months of the previo ...

Wine group Australian Vintage Limited (AVG) is to distribute for New Zealand peer Invivo in the UK and Ireland. According to AVG, the five-year deal will see it take over the distribution rights for Invivo’s portfolio of Graham Norton, Invivo X SJP and namesake wines. The contract is expected to cover 500,000 cases and generate A$15m (US$10m) in annual revenue. In the year to the end of June, AVG recorded sales of A$257.1m, down 1% on the previous 12 months. When AVG announced its annual results in Aug ...