Daily Archive: October 14, 2015
Eyeing Premiumization, TWE’s Clarke Hints At Offloading Commercial Wines
Following last night’s announcement that Treasury Wine Estates will acquire most of Diageo’s U.S. and U.K. wine business for $600 million, TWE chief executive Michael Clarke told investors that the company intends to intensify its premiumization strategy, and may look to sell off some of its commercial brands. Continue reading →
Posted in News on October 14, 2015Exclusive: Terlato Adds California’s David Bruce Wines To Luxury Stable
Terlato Wines has struck a long-term deal to become the exclusive marketing agent for California’s David Bruce Winery. Continue reading →
Posted in News on October 14, 2015News Briefs for October 14, 2015
•California Pinot Noir champion Walter Schug died October 10 at his Sonoma home from complications of a recent stroke, Wine Spectator reports. Continue reading →
Posted in News on October 14, 2015Craft Brewing and Distilling News for October 14, 2015
•The Bronx Brewery has rolled out its four year-round beers in six-packs of 12-ounce cans, transitioning from its former four-packs of 16-ounce cans. Continue reading →
Posted in News on October 14, 2015TWE To Acquire Diageo’s Wine Business For $600 Million
Treasury Wine Estates (TWE) has made another major move in its ongoing rejuvenation project, agreeing to acquire the majority of Diageo’s U.S. and U.K. wine interests for $600 million. Continue reading →
Posted in News on October 14, 2015
