Treasury Wine appoints new chairman
Treasury Wine Estates has appointed non-exective director Paul Rayner as chairman and made three other board appointments. The company has announced that Rayner will take over as non-executive...
View ArticleJob losses from Accolade-Treasury tie-up
Accolade Wines and Treasury Wine Estates have agreed a tie-up that will see major efficiency savings, but also 175 redundancies. The agreement between the two wine producers will involve Accolade Wines...
View ArticleTreasury profits from premium shift
Treasury Wine Estates’ first results since its demerger from Fosters show a 40% net profit increase to AU$89.9 million as the company pursues its strategy to withdraw from the heavy discounting wine...
View ArticleTreasury hit by 2011 harvest
Treasury Wine Estates has warned shareholders that the challenging 2011 harvest is set to contribute to a decline of up to 20% in the company’s first half earnings for 2013. Despite assuring...
View ArticleTreasury boosts NZ holdings
Treasury Wine Estates has bolstered its position in New Zealand after taking full control of Marlborough winery, packaging and warehouse facility, Rapaura Vintners. Having bought the remaining 50%...
View ArticleTreasury eyes travel retail potential
Treasury Wine Estates has announced three new appointments to support its ambition for wine to rival spirits’ success in the Global Travel Retail sector. Setting out the group’s strategy, Andrew...
View ArticleCoca-Cola CEO snubs wine for beer
Coca-Cola Amatil chief executive Terry Davis has made it clear that the Sydney-based drinks company has no intention of making a bid for Treasury Wine Estates. Coca-Cola Amatil CEO Terry Davis. Credit:...
View ArticleTreasury Wine reports strong half-year profit
Treasury Wine Estates (TWE) has reported a net profit of AU$52.3 million (£35.3m) for the first six months of its financial year, to December 2012. The result is a 30.8% improvement on the same period...
View ArticleTop 10 low-calorie wine brands
With around 20% of Americans on a diet, low-calorie wine brands are booming in the US, and particularly where celebrities are involved. The Skinny Vine is endorsed by Christine Avanti, a celebrity...
View Article‘Perfect’ Penfolds Grange sparks price war
A price war is raging among retailers in Australia over the 2008 vintage of Penfolds Grange, which received a perfect 100-point score from The Wine Advocate. Price wars: retailers are battling it out...
View ArticleThe top 12 stands at LIWF
The drinks business was joined by Claire Snaith from Norbert Dentressangle on a tour of the stands at the London International Wine Fair, these are the ones which we picked out as the best. With a...
View ArticleTreasury steps up Tasmanian stake
Treasury Wine Estates has become the latest producer to increase its investment in Tasmania, having signed a deal to purchase White Hills Estate from Brown Brothers. Located in Tamar Valley to the...
View ArticleTreasury to destroy $35m of ‘old’ US stock
Treasury Wine Estates is to destroy A$35 million (£21.4m) of “old and aged commercial stock” in the US as a reaction to declining sales in this market. The Australian company, which owns brands...
View ArticleWeek in pictures
© 2013 RPM London Ltd Ahead of the second Ashes test, Wolf Blass hosted a match between retired legends of the England and Australian cricket teams. Held in the stunning setting of Paul Getty’s...
View ArticleWeaker Aussie dollar driving wine prices down in US
The recent weakening of the Australian dollar against the American dollar is leading to a drop in retail prices for Australian wine in the US. Kangaroo down – Australian wine prices are being slashed...
View ArticlePenfolds lifts London profile with D&D deal
Australian wine brand Penfolds has set up a partnership with UK fine dining restaurant group D&D London. The mutually beneficial arrangement will help this flagship of the Treasury Wine Estates...
View ArticleTreasury profits hit by US problems
Treasury Wine Estates has reported a dramatic 53% profit slump in its full year results, which the company blamed on a weak performance in the US market. David Dearie, CEO of Treasury Wine Estates The...
View ArticleDearie quits Treasury Wine Estates
David Dearie, CEO of Treasury Wine Estates, has stepped down with immediate effect following a company review. David Dearie, CEO of Treasury Wine Estates Dearie’s exit comes after the news last month...
View ArticleLindeman’s bids to be ‘biggest Australian wine brand in the world’
Lindeman’s has launched a million pound UK digital campaign as part of a wider global push for the 170-year-old Australian brand. Using the tagline “It’s the sunshine that makes it”, the initiative...
View ArticleTreasury facing legal action over dumping stock
Global wine giant Treasury Wine Estates is facing legal action from Australian shareholders after it was forced to write off six million bottles of wine in July due to oversupply. According to AFP, law...
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