Treasury Spurns $2.9B Takeover Bid By Private Equity KKR

Treasury Wine Estates (TWE) has rejected a A$3.05 billion ($2.9 billion) takeover offer from private equity firm KKR & Co., but says it will continue to engage with interested suitors. Continue reading →

News Briefs for May 15, 2014

•Rumors continue to swirl that Treasury Wine Estates will part with its U.S. operation, but the company insists it has no intention of selling that business. Continue reading →

New Zealand Wines Thrive Stateside, Led By Super-Premium Brands

New Zealand wine imports continue to gain ground in the U.S., with much of the segment’s growth concentrated in the premium-and-above range. Continue reading →

As Rumors Swirl, Treasury Says It’s Not In Talks With Pernod

Treasury Wine Estates has sought to tamp down rumors that Pernod Ricard may be interested in acquiring the group’s U.S. assets, confirming in a statement that it “has not been approached by, and is not in discussions with, Pernod Ricard.” Continue reading →

News Briefs for April 10, 2014

•Diageo is launching a new global marketing campaign for Smirnoff vodka in partnership with digital music service Spotify this month, centered on vodka’s approachability and broad appeal. Continue reading →

Treasury’s Clarke Details Company-Wide Overhaul

In a call to investors earlier today, Treasury Wine Estates (TWE) CEO Michael Clarke outlined several strategies aimed at reigniting growth for the ailing Australian wine group. Continue reading →