Brief: Marlborough Wine Estates Group updates on wine supply agreement between unit and Great Esprit

Marlborough Wine Estates

18/04/2017 21:31

April 19 (Reuters) - Marlborough Wine Estates Group Ltd 
 MWE.NZ - 
    * Advised it is unlikely Great Esprit will be able to meet 
minimum annual commitment to purchase bottled wine for FY ended 
June 30, 2017 
    * Advised it is unlikely Great Esprit will be able to meet 
its minimum annual commitment to purchase bottled wine for year 
ended june under agreement 
    * Commitment was for $3 million of bottled wine and mwe was 
advised that expected performance against this commitment is 
likely to be $1.3 million 
    * Inability to meet annual commitment will adversely affect 
co's operating milestone target of international bottled wine 
sales revenue by more than 10% 
 
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