Ann: DW8 to undertake strategic acquisition of Parton Wine Group, page-42

How about the $200M worth of wine stored on consignment in the warehouses?

Imagine turning that over on B2B every 12 months = $200M x 12.5% fees = $25M revenue with all of it being gross profit.

Then you have all the logistics to send out $200M worth of cases / $200 per case = 1M cases x $19 average = $19M revenue at say 25% gross profit.

Potential for $44M revenue & $29.75M gross profit less $18M expenses = $11.75M EBIT.