date:Jan 17, 2013
The maker of Australia's mass-market Yellow Tail wine is in emergency talks with its lender after recording its first loss in more than 20 years, illustrating how the soaring Australian dollar is squeezing local wineries dry.
Yellow Tailknown for its kangaroo logo, attractive pricing, and fruity finishis but one of the brands produced by Casella Wines. Australia's largest family-owned winery relies on the U.S. for three-quarters of its sales, but the Australian dollar's rise against the U.S. do