Tag Archive: Treasury Wine Estates
Treasury Wine Estates Posts Double-Digit U.S. Gains As Premiumization Effort Continues
Treasury Wine Estates (TWE) revealed a solid set of numbers for its U.S. and global businesses last night, with overall revenues up 4.4% to A$2.6 billion ($1.86b) and EBITS rising 3.5% to A$510 million ($366m), even as the company navigated the global pandemic and prohibitive tariffs in the key Chinese market. Continue reading →
Posted in News on August 19, 2021Treasury Wine Estates Updates Market, Sees Rebound Ongoing
Treasury Wine Estates has released updated guidance for its fiscal year ending in June, with the company expecting EBITS to be in the range of A$495 million ($382m) to A$515 million ($398m), down from A$534 million ($412m) last year. Continue reading →
Posted in News on May 13, 2021News Alert: RNDC To Handle Over One-Third of Treasury Wine’s U.S. Business
Treasury Wine Estates has announced an expansion of its partnership with second-ranked U.S. distributor Republic National Distributing Co. (RNDC). Continue reading →
Posted in News on May 3, 2021Treasury Licenses 4.2 Million Cases Of U.S. Commercial Brands To The Wine Group
Treasury Wine Estates has taken a step in premiumizing its U.S. portfolio, agreeing to license several lower-end brands to The Wine Group in a long-term deal. Continue reading →
Posted in News on March 9, 2021Report: Pernod Ricard Considers Bid For Treasury Wine Estates
A report out of the U.K. over the weekend asserts that Pernod Ricard is either considering—or has already lodged—an acquisition offer for Treasury Wine Estates. Continue reading →
Posted in News on March 8, 2021Treasury Sees U.S. Picture Improve, Boosted By Retail Channel
Treasury Wine Estates posted net sales down 5.9% to A$1.4 billion ($1.1b) for its fiscal first half ended in December, with EBITS slipping 22% to A$284 million ($220m). Continue reading →
Posted in News on February 17, 2021
