VINEX - Global Bulk Wine Trading Marketplace - Existing Shares
| Categories: | Securities, Established Companies |
| Sale Type: | Asking Price |
| Price Guide: | AUD $0.25 per share |
| Status: | Closed |
Summary:
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VINEX is re-shaping the global bulk wine sector by engaging the industry with a comprehensive web-based B2B trading solution.
Commercial pressures are changing the world wine market. Total wine production of circa 26 billion litres continues to exceed consumption and requires producers to increase their sales universe. This requires that wines be produced more universal in style to maximise their appeal. This, coupled with retailers’ aggressive expansion of their own-label range and focus on increasing margins requires buyers to increasingly demand wine be supplied in bulk for in-market bottling, closest to the point of final sale.
In December 2017 the company completed their Growth capital raising through PrimaryMarkets, valuing the company at $6.2m.
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