Tag Archive: Treasury Wine Estates
Treasury Wine Estates’ Penfolds Demerger On Hold As Company Focuses On U.S., China
Treasury Wine Estates (TWE) is pausing its previously announced plan to demerge its Penfolds business as it sharpens its focus on restructuring in the U.S. and surfing tumultuous market conditions in China, where new tariffs are being threatened on Australian wines. Continue reading →
Posted in News on November 5, 2020Treasury Looks To Refocus U.S. Business As Covid-19, Private Labels Cut Into Full-Year Sales
Treasury Wine Estates posted net sales down 6% to A$2.6 billion ($1.9b) for its fiscal year ended in June, as headwinds from Covid-19 and challenging conditions in the U.S. continued to weigh on the company’s business. Continue reading →
Posted in News on August 13, 2020As Tim Ford Takes Command At Treasury, Company Outlines Challenges Ahead
Tim Ford officially became chief executive of Treasury Wine Estates on July 1, taking over for Michael Clarke. Continue reading →
Posted in News on July 9, 2020News Briefs for June 17, 2020
•Treasury Wine Estates is introducing three new Central Coast wines under its St. Huberts The Stag brand. Continue reading →
Posted in News on June 17, 2020News Briefs for May 15, 2020
•Treasury Wine Estates has named Stuart Boxer to the newly created role of chief strategy and corporate development officer. Continue reading →
Posted in News on May 15, 2020Treasury Wine Eyes Restructure, As Leadership Change Looms
In case you missed last night’s news alert, Treasury Wine Estates has unveiled a plan to potentially spin off its Penfolds business into a separate company, with the goal of unlocking the luxury brand’s potential while accelerating the premiumization of the rest of the business. Continue reading →
Posted in News on April 8, 2020
