Delegat to invest $33M to support global growth aspirations

Tue, 04 Dec 2018

By Paul McBeth Dec. 4 (BusinessDesk) - Delegat Group will spend $33 million developing its vineyards in the current financial year to support an expected 23 percent lift in global sales by 2021. The country's biggest listed winemaker spent $46 million in the year ended June 30 as it planted 200 hectares of new vineyard. It projects capital expenditure of $33 million in the June 2019 year while it develops another 136 hectares, executive chair Jim Delegat said. That will step up the following year with another 575 hectares of land set...

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