Diamond Estates Wines and Spirits reports first quarter fiscal 2015 results
date:Aug 25, 2014
up 8.5%) and bulk wine (up 40%). Sales to the LCBO and extra provincial channels were up 4.7% from the prior year. Year over year sales decline in the imported wines and spirits business was 13.8% due to the impact of lost revenue from brands no longer sold by the agency in 2015. The Company has acquired several new brands that are expected to generate significant revenue in 2015, largely offsetting the losses. These brands include Montes wines from Chile (for Quebec), Vicente Gandia wines from
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