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Yellow Tail in emergency talks with lender

z
zin1953 Jan 16, 2013 08:09 AM

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

  1. Veggo Jan 16, 2013 08:41 AM

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

    1 Reply
    1. re: Veggo
      f
      foodieX2 Jan 16, 2013 08:43 AM

      No loss in my book.

    2. r
      redfish62 Jan 16, 2013 08:46 AM

      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. Bill Hunt Jan 17, 2013 09:05 PM

        Oh well, such is life in the international market.

        Hunt

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