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Yellow Tail in emergency talks with lender

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http://www.decanter.com/news/wine-new...

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  1. A victim of nothing more than a strong Australian currency- it seems so not right.

    1 Reply
    1. re: Veggo

      No loss in my book.

    2. They should have hedged the currency exchange rate by purchasing Australian dollars in the futures market, then the gain in the value of the Australian dollar would have offset the loss on the sale of the wine.

      1. Oh well, such is life in the international market.

        Hunt