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Tag Archive: Treasury Wine Estates

Treasury Returns To Profit As Growth In Asia, Americas Sparks Turnaround

What a difference a year makes. After reporting an A$100.9 million ($74.1m) net profit loss in fiscal 2014, Treasury Wine Estates (TWE) posted an A$77.6 million profit gain in fiscal 2015 (ended June 30, 2015). Continue reading →

Posted in News on August 19, 2015

E.&J. Gallo Acquires Asti Winery, Souverain Brand From Treasury Wine Estates

Treasury Wine Estates CEO Michael Clarke has made no secret of his intentions to revamp the wine giant’s supply chain as part of his ongoing turnaround plan, and on Monday evening Treasury took a significant step in that process, agreeing to sell its Asti Winery and vineyards in Sonoma County, along with the Souverain brand, to E.&J. Gallo. Continue reading →

Posted in News on July 21, 2015

New Zealand Wine Soars To New Heights

New Zealand wine continues to advance rapidly in the U.S. market, delivering impressive growth in both volume and value. Continue reading →

Posted in News on May 29, 2015

Interview, Part 1: Hess Family Wine Estates Managing Director Timothy Persson

Hess Family Wine Estates, part of The Hess Group of Switzerland, has undergone a strategic overhaul recently, offloading Australia’s Peter Lehmann Wines to Casella for $49.5 million last November, and making major investments in its flagship Hess Collection range, which includes Mount Veeder, Napa Valley and Select tiers. The company—whose other brands include MacPhail, Sequana and Artezin among others—has also revamped its leadership team, with Hess family member Timothy Persson named managing director in 2012, and John Grant—formerly managing director for Treasury’s Beringer brand—joining as COO last August. SND associate editor Christina Jelski recently met with Persson to discuss the company’s U.S. outlook. Continue reading →

Posted in News on May 18, 2015

News Briefs for May 1, 2015

•St. Helena-based Wilson Daniels has named Rocco Lombardo president, effective June 1. Continue reading →

Posted in News on May 1, 2015

Beringer Unveils New “Taste Station” For Retailers, Beginning With Kroger Test Run

Treasury Wine Estates’ Beringer brand is innovating in the consumer sampling area with the test launch of a new Taste Station concept. Continue reading →

Posted in News on April 3, 2015

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