YELLOW TAIL SAYS SALES WILL FALL

The Australian Associated Press reported that Yellow Tail chief, John Casella, expects sales in the U.S. to fall from its traditional double digit growth “to something like 7 to 10%,” as told to the Sky News Sunday Business.

The decline in growth likely has something to do with the dwindling lower end price ranges, along with recent droughts in Australia.

As for a possible float and market listing of Yellow Tail, John said it wouldn't happen this generation, despite revealing he had received numerous generous approaches.