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McGuigan promotes profit sharing payments at grape growers
19 Sep 2005
McGuigan Wines is pushing a plan that would entail his 300 grape growers sharing more of the burden of a volatile market under a new payment model. McGuigan wants to set up a specialist joint-venture company in which growers would take a stake and ultimately be paid on the success or otherwise of the wine produced from their grapes. But growers are resisting the change, which is a departure from the present contract-based system.
Financial Review, 17/09/05
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