VWE Closes Out “Challenging Year” with Revenues Down 3%

Dear Client: Vintage Wine Estates reported a revenue decline of 3.3% for the fiscal year ended June 30, largely thanks to the discontinuation of a custom program as part of the company's larger strategy to rightsize the business.   Interim ceo Jon Moramarco shared on this morning's earnings call that over the last eight months his goal "has been to strengthen the foundation of the business and provide a more focused enterprise for Seth Kaufman, our new ceo, who will be