New VWE Chief Optimistic About “Great Upside Potential”

Dear Client: Vintage Wine Estates kicked off its "transition year" with net revenue down about 6% for the first quarter ended September 30.  New ceo Seth Kaufman is now officially at the helm. Seth opened yesterday afternoon's earnings call by thanking Jon Moramarco for his time as interim ceo, "and the great work and leadership to establish the critical five-point plan for this transition year." He nodded to the progress made in the last year on rightsizing the business, adding