Tag Archive: Treasury Wine Estates
News Alert: Treasury Wine Estates To Acquire Daou Vineyards For Up To $1 Billion
Treasury Wine Estates has made another move in the luxury California wine category, agreeing to acquire Paso Robles-based Daou Vineyards for up to $1 billion. Continue reading →
Posted in News on October 30, 2023Treasury Eyes Opportunities To Continue Building Luxury Range
Treasury Wine Estates offered an update on its business ahead of its annual general meeting today, with CEO Tim Ford saying the company has “continued to see long-term premiumization trends across the global wine category, despite the tightening economic environment, with luxury wine going from strength to strength in our key markets globally.” Continue reading →
Posted in News on October 16, 2023Luxury Growth, Price Increases Boost Treasury Despite U.S. Sales Slip
Treasury Wine Estates saw net sales slip 2.2% to A$2.4 billion ($1.56b) in its fiscal year through June, as growth at the luxury end couldn’t offset declines in its Americas and commercial portfolios. Continue reading →
Posted in News on August 15, 2023Exclusive: Treasury Wine Unveils Penfolds Collection, Set To Launch Next Month
Treasury Wine Estates is gearing up to launch its latest Penfolds Collection in the U.S. on August 3, including luxury offerings from California and Australia retailing from $40 up to $850 a bottle. Continue reading →
Posted in News on July 20, 2023News Briefs for July 13, 2023
•Treasury Wine Estates’ Penfolds has teamed up with NIGO, naming the designer as the brand’s first creative partner. Continue reading →
Posted in News on July 13, 2023Treasury Wine Sees Growth In Penfolds, Struggles At Lower End Ongoing
Offering an update on its business last night, Treasury Wine Estates said the divergence of fortunes at the upper and lower ends of the wine market are ongoing, with luxury brands like Penfolds prospering as the entry level continues to struggle. Continue reading →
Posted in News on May 25, 2023
