VWE in Transition, Aims to Increase Profitability, Generate Cash & Reduce Debt

Dear Client:     Earlier this year, Vintage Wine Estates announced that founder Pat Roney stepped down as ceo as well as plans to simplify and deleverage its business [see WSD 02-10-2023]. On yesterday's earnings call the team discussed nine-month results and the current progress being made on its business realignment strategies.  Interim ceo Jon Moramarco said on the call that "I can attest that we have been very busy working to turn the business around. We are focused on rebuilding