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Tag Archive: Treasury Wine Estates

Treasury Rumors Continue To Fly, With LVMH Added To List Of Potential Suitors

While Treasury Wine Estates has declared its fiscal year starting in July as a “reset year” in which the company will amp up marketing activities and attempt a turnaround, rumors about a possible sale of the group continue to swirl. Continue reading →

Posted in News on June 26, 2014

Treasury Announces Impairment Charge And Change In Release Date For Penfolds

Treasury Wine Estates said it will recognize a non-cash brand and related-asset impairment of up to A$260 million (after tax, unaudited), or US$244 million, for fiscal 2014. Continue reading →

Posted in News on June 25, 2014

News Briefs for June 23, 2014

•Constellation Brands has tapped former Treasury Wine Estates executive Sam Glaetzer as managing director of its New Zealand operations, effective July 14. Continue reading →

Posted in News on June 23, 2014

Treasury Spurns $2.9B Takeover Bid By Private Equity KKR

Treasury Wine Estates (TWE) has rejected a A$3.05 billion ($2.9 billion) takeover offer from private equity firm KKR & Co., but says it will continue to engage with interested suitors. Continue reading →

Posted in News on May 20, 2014

News Briefs for May 15, 2014

•Rumors continue to swirl that Treasury Wine Estates will part with its U.S. operation, but the company insists it has no intention of selling that business. Continue reading →

Posted in News on May 15, 2014

New Zealand Wines Thrive Stateside, Led By Super-Premium Brands

New Zealand wine imports continue to gain ground in the U.S., with much of the segment’s growth concentrated in the premium-and-above range. Continue reading →

Posted in News on May 5, 2014

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