date:Feb 16, 2013
Speaking to The Australian, Davis, who ran Fosters wine business before joining CCA, said he has no interest in buying TWA, the former Fosters wine division.
Not in my lifetime. Having worked in the wine industry for such a long time, and seeing the capital intensity and long-term decision making that has to be made in the wine business, I dont think it suits corporates, he said.
I think wine suits private equity firms that can take the good years and the bad years, but in corporate life youre