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From Clicks to Bricks

The year of 2016 proved to be an exciting year for the team at Cybercellar.com not only did the online beverage company move warehouses, celebrate being the oldest e-commerce company in South Africa, and join forces with the eventing site, Quicket: they also opened up their first physical liquor store.

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The art of deal-making

The sale of Paarl-based liquor company KWV Holdings’ operating assets to Vivian Imerman’s Vasari Group for R1,1bn is a show stopper of a transaction. Imerman’s wide experience in liquor and fast moving consumer goods could add a new dimension of profitability to the KWV operating assets. But there is a fascinating sideshow that is about to unfold at KWV – scripted around the fate of the company’s so-called ‘heritage assets.’

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KWV turnaround watered down by rand hedge

Were it not for a decision to hedge a portion of its international sales, Paarl-based liquor group might have achieved a much more spirited profit performance in the year to end March 2014. KWV managed to fortify its gross profit margin from 29,8% to 31,5% thanks to the 20% weakening in the rand, increased volumes and an improved sales mix with regard to wine sales and increased bulk spirit sales. Unfortunately KWV’s 47% increase in gross profits to R350m was whittled down to an operating loss of around R2m.

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