date:Feb 25, 2014
considerable headwinds in the 2014 financial year. Based on the impact of the increased milk price, now well above historical levels, the loss of the Coles retailer-own-brand contract from June 2014 (representing a sixth of annual milk volumes currently procured by Lion) and a sustained competitive and deflationary retail environment, Lion will record an impairment charge of $338.8 million against goodwill, milk plants, equipment and brands.
Due to the long term decline in total alcohol volume