Tag Archive: Treasury Wine Estates
News Briefs for June 26, 2024
•Gran Coramino, the Tequila brand from Kevin Hart and Grupo Cuervo CEO Juan Domingo Beckmann, is extending its portfolio with a Reposado expression. Continue reading →
Posted in News on June 26, 2024Imported Wine’s Top Players Show Mixed Results, As $15-$25 Emerges As The Sweet Spot
Along with other wine segments, the import sector has struggled to make volume progress in the U.S. lately, with total imported table wine depletions down 3% to 67.1 million 9-liter cases last year, according to Impact Databank. Continue reading →
Posted in News on May 23, 2024Treasury Wine Refocuses On China Business As Australian Wine Tariffs Lift
With China removing tariffs on Australian wine—which have devastated the category in the market the past few years—Treasury Wine Estates has announced a new plan to rebuild its position in the Chinese market. Continue reading →
Posted in News on March 28, 2024Treasury Americas Looks To Second Half After H1 Decline
Treasury Wine Estates saw sales in its Americas unit decline 6.5% at constant currency to A$448 million ($291m) in the company’s fiscal first half through December, as volume dipped 7% to 2.8 million 9-liter cases. EBITS in the Americas division fell 23% at constant currency to A$93 million ($60m). Continue reading →
Posted in News on February 15, 2024California Wine Consolidation Ramps Up To Close Out 2023
Consolidation is nothing new for the wine industry, but the pace of change has accelerated in recent years as interest rates have risen, costs of labor and supplies have jumped, and demand for wine has softened. Those and myriad other factors are contributing to a new wave of acquisitions that is changing the California wine landscape. Continue reading →
Posted in News on December 28, 2023Treasury Americas President Ben Dollard Lays Out The Case For Billion-Dollar Daou Purchase
Treasury Wine Estates made a big move in the California wine business earlier this week with its agreement to acquire Paso Robles-based Daou Vineyards for up to $1 billion. Continue reading →
Posted in News on November 1, 2023
