Southcorp is reviewing its facilities and vineyards in a bid to make its operation more cost effective.
The Australian wine company said it needed to make adjustments to its business in the face of “difficult” market conditions, including in the UK, which contributed to it turning in a poor performance over the last year. Although the review is “work in progress”, the company hopes the changes will enable it to “almost halve” its capital expenditure over the next 12 months.
A spokeswoman for the company said: “The review is about how we can improve our efficiency and is something that Southcorp is expected to be doing.”