Treasury drops Rosemount bombshell

Written By Campbell Mattinson

This is a news item, not a Story. But this is such a remarkable development that I’m putting a feeder post here.

Twenty-five years after the Oatley family sold Rosemount – at its peak – to Southcorp, the current owners of Rosemount,Treasury Wine Estates, announced today that it has sold it back to the Oatleys.

FULL STORY HERE.

The original sale price was AU$1.5 Billion. No price, this time around, has been disclosed. But fair to say that most of the investment has well and truly been blown.

Campbell Mattinson

Campbell Mattinson has been an independent journalist, wine critic and photographer for forty years. He founded The Winefront, is a former chief editor of the Halliday Wine Companion (and former editor of Halliday magazine), and is the only Australian to have won the Australian Wine Communicator of the Year Award more than once. He is 100% independent, and tastes between 5,000 and 10,000 wines each year, blind and in comparative brackets as often as is practicable.

More about Campbell Mattinson

Mattinson is also the founder of the Mattinson Photography business.

https://www.campbellmattinson.com
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