Exclusive news and research on the wine, spirits and beer business

Tag Archive: Sterling

Interview: Treasury Wine Estates CEO Michael Clarke

Earlier this week, Treasury Wine Estates posted a strong set of results for its fiscal first half ended in December, with net sales jumping 20% to just under $1 billion and EBITS surging nearly 60% to $173 million. TWE’s Americas region was a key contributor, with volume growing 13% to 7.9 million cases and revenue up 26% to $433 million. Following the results announcement, SND deputy managing editor Daniel Marsteller caught up with TWE chief executive Michael Clarke to discuss the group’s plans for the second half of its fiscal year and beyond. Continue reading →

Posted in News on February 17, 2017

Treasury Wine Estates’ Sales Jump 20% In Fiscal First Half

Treasury Wine Estates (TWE) is toasting a strong start to its fiscal year, with net revenue leaping by 20% to A$1.3 billion ($993m) in the six months through December, representing the company’s fiscal first half. Continue reading →

Posted in News on February 14, 2017

TWE 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