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Article: Accounting system still broken at Constellation.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Eli Greenblat
Oct 15, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- US-based wine company, Constellation Brands, has conceded that an accounting problem in its Australian business has not been completely remedied. The defect was identified in February 2009. On 15 October, the company said that action has been undertaken but testing is continuing. The company is trying to sell three wineries and over 20 vineyards in Australia.
Publication Date: 16 October 2009
CONSTELLATION BRANDS INCORPORATED - ASX CBR
FOSTER'S GROUP ...