Bacchus to the future: Australia's embrace of the wine grape has resulted in an oversupply that will leave many reeling but a well-placed few reaping. Ivor Ries tells a cautionary tale

Article Abstract:

Australia is experiencing a serious grape glut, with an oversupply nearing 20% with some varieties, along with the subsequent price drop. Investment in Australian grapes was a great idea between 1996 and 2001, though not all those involved will be hurt by the glut. Big wine exporters will benefit, while growers who grew premium quality grapes will not be affected as adversely as those that grew lower quality grapes.

Grape Vineyards, Grapes, Supply and demand, Fruit industry, Fruit trade

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Super heroes

Article Abstract:

The Australian Council of Superannuation Investors (ACSI) was created in March by a group of ten large funds in response to the lowering of Australia's corporate governance standards. ACSI insists the government take a hard line against audit committees with conflicts of interests and commissioned studies on both executive remuneration and board audit committees.

Standards, Column, Corporate governance, Pension funds, Audit committees, Australian Council of Superannuation Investors

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Beverly hills or bust

Article Abstract:

Robert and John Kirby sons of Roc Kirby, owner of the Village cinema business have decided to produce films with the partnership of Warner Bros., owned by global media giant Time Warner. Though they are at an advantage of having an association with the Warner Bros, they will have to toil hard to reap returns on their investment.

United States, Strategy & planning, Contracts & orders received, Motion picture & video production, Contracts & orders let, Planning, Contracts, Motion picture industry, Contract agreement, Motion pictures, Movies, Warner Bros., Video production companies, Film and video production companies, Company business planning, Village Cinemas, Kirby, John, Kirby, Robert

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