Clik here to view.
Foley buys Château St. Jean from Treasury Wine Estates
Foley Family Wines has bought Château St. Jean from Treasury Wine Estates and plans to revitalise its good reputation and bring it back to becoming one of the best in the Sonoma County. Foley, owned by...
View ArticleClik here to view.
WSET appoints former Treasury Wine MD as new CEO
The Wine & Spirit Education Trust (WSET) has appointed former Treasury Wine Estates MD Michelle Brampton as its new CEO. Michelle will join WSET on 1 February as CEO designate and will spend two...
View ArticleClik here to view.
Treasury shares surge amid ex-China growth announcement
Shares of Treasury Wine Estates leapt by as much as 11.8% in the wake of the company's announcement regarding its operating earnings outside of mainland China. Chinese tariffs on Australian exports...
View ArticleClik here to view.
Penfolds set to ‘venture beyond’ fine wine to become ‘global luxury icon’
Treasury Wine Estates is launching a range of limited-release Penfolds wines alongside a Harrods pop-up experience called ‘Venture Beyond’ to reposition the brand. The move, which is Treasury Wine...
View ArticleClik here to view.
Penfolds first wine from China underlines TWE’s ‘long-term commitment’ to the...
More than 18 months after China imposed crippling tariffs on imports of Australian wine, the impact of the move has proved to be both wide-ranging and severe, effectively wiping the industry’s most...
View ArticleTreasury Wine Estates acquires 55-hectare Yarra Valley vineyard from Accolade
Australian wine giant Treasury Wine Estates (TWE) has purchased the 55-hectare Beenak Vineyard in Yarra Valley from Accolade for AUD$7 million. The Yarra Valley-based vineyard is planted with 45 ha of...
View ArticleClik here to view.
Snoop Dogg and Treasury’s Cali by Snoop wine brand launches in UK
Iconic US rapper Snoop Dogg and Treasury Wine Estates are bringing their "disruptive" Cali by Snoop wine brand to the UK market, fresh from their collaborative success on the 19 Crimes portfolio. The...
View ArticleClik here to view.
Full steam ahead as Treasury back on track for ‘best ever’ payout
Last week Treasury reported full-year results that were ahead of market expectations and indicated that its much revised business plan is paying off. Cheery news for investors in Treasury Wine Estates,...
View ArticleClik here to view.
19 Crimes launches its first sparkling wine with Snoop Dogg
Treasury Wine Estates-owned 19 Crimes has launched its first sparkling wine – a continuation of its partnership with iconic US West Coast rapper Snoop Dogg. Hot on the heels of Snoop Cali Rosé and...
View ArticleClik here to view.
Drinks shares fall out of favour as stock market takes a battering
Drinks company shares have fallen out of favour as international stock markets have taken a battering so far this year. Despite their reputation for being reliable performers during a period of...
View ArticleTreasury Wine Estates sells T’Gallant for AU$9.7 million
A couple of Australian investors have snapped up Mornington Peninsula-based winery T'Gallant from Treasury Wine Estates (TWE), licensing the T’Gallant Wine brand to reopen the cellar door and...
View ArticleClik here to view.
19 Crimes launches lower-alcohol wine with Martha Stewart
Treasury Wine Estates-owned 19 Crimes has added to its portfolio with its first lower-alcohol wine, a Chardonnay made in partnership with American television personality Martha Stewart. Perhaps...
View ArticleClik here to view.
Wolf Blass invests AU$1.4m into South Australian Jockey Club
South Australian winemaker Wolf Blass has made a AU$1.4 million personal investment into the South Australian Jockey Club (SAJC). The investment, which Blass has reported should help to boost the...
View ArticleClik here to view.
Treasury Wine Estates to close Victoria winery
Penfolds owner Treasury Wine Estates has announced the closure of its Karadoc winery in Victoria, a "last resort" decision triggered by rising costs and a decline in commercial wine consumption....
View ArticleClik here to view.
Treasury Wine Estates profits fall 3.3%
Despite its net profits falling by 3.3% to A$254 million (£130 million) in the year to the end of June, Treasury Wine Estates (TWE) is increasing its dividend and predicts a continuing improvement in...
View ArticleClik here to view.
Penfolds appoints Daevid Warren as sales director, EMEA
Penfolds has appointed Daevid Warren as sales director for EMEA after parent company Treasury Wine Estates released its financial results yesterday. Warren formerly led the brand's global travel team,...
View ArticleClik here to view.
Crunch time for premium drinks companies in America
The global drinks giants are facing several anxious months in the vital North American market as inflation continues to impinge on spending. Major players in the global drinks industry are acutely...
View ArticleClik here to view.
Asda becomes ‘proactive’ with suppliers to broaden range
Retailer Asda has broadened its wine collection with a selection of Grower Champagnes, regional Australian wine and 'second tier' regional ranges as it works more closely with suppliers to “fill in the...
View ArticleClik here to view.
Treasury Wine Estates buys Daou Vineyards for US$900 million
Penfolds owner Treasury Wine Estates has agreed to acquire California's Daou Vineyards to "fill a gap" in its luxury offering. Speaking of the reason behind the decision to acquire Daou Vineyards, Tim...
View ArticleClik here to view.
Treasury Wine Estates expands presence in New Zealand
Australian producer Treasury Wine Estates (TWE) has announced plans to acquire a "substantial" Marlborough vineyard, expanding its local footprint from 505 to 750 hectares to grow its New Zealand...
View ArticleClik here to view.
TWE undertakes ‘significant restructure’ in UK marketing department
Treasury Wine Estates has announced two new senior directors into the UK business as part of investment and a "significant restructure" of its marketing department. The move will see Benazir...
View ArticleClik here to view.
Treasury Wine Estates sued over Dracula wine
Treasury Wine Estates is being sued in California over the release of a Halloween edition of 19 Crimes. The case concerns the 19 Crimes Dracula Red Blend, a limited-edition release from Treasury Wine...
View ArticleClik here to view.
It’s all change for Australian wine in 2024
This year could prove to be a watershed moment for the Australian wine industry with "transformational acquisitions" rumoured to be afoot. Australia’s wine industry is poised to look considerably...
View ArticleClik here to view.
Accolade Wines taken over by Bain-led consortium
As widely expected, Accolade Wines, Australia’s second largest producer, has succumbed to a debt for equity swap and change of control. It has been taken over by a consortium of investors led by Bain...
View ArticleClik here to view.
19 Crimes makes strategic move into rum
As rum sales continue to snap at the heels of other spirits categories, wine brand 19 Crimes wants in on the action, launching new 19 Crimes Spiced Rum this month. Californian wine brand 19 Crimes has...
View ArticleClik here to view.
TWE predicts stronger results in future
Optimism is rising at Treasury Wine Estates despite muted first half results and a cut in dividend, as CEO Tim Ford says its American division will pick up pace. In the six months to the end of...
View ArticleClik here to view.
Treasury to hike price of Penfolds
Australian giant Treasury Wine Estates will raise the prices of its Penfolds range of super premium wines from 1 July, it has been reported. The news comes as the first containers carrying new exports...
View ArticleClik here to view.
Generation game: Who stands to inherit NZ’s wine industry?
With international companies increasingly snapping up New Zealand vineyards, and Māori communities fighting for their slice of the land, who will inherit the country’s wine trade in years to come?...
View ArticleClik here to view.
TWE Marlborough vineyard acquisition approved
Treasury Wine Estates has passed regulatory approval for the acquisition of a premium vineyard in Marlborough's Wairau Valley. Following the announcement in November that Australia's Treasury Wine...
View ArticleClik here to view.
Treasury Wine Estates aims to ditch cheap wines
Tim Ford, the chief executive of Treasury Wine Estate, is planning to go premium for the next stage of reshaping and revitalising Australia’s biggest wine group. In an interview with Australian...
View Article
