Treasury Wine Estates’ new CEO Michael Clarke has fuelled speculation that the group may sell off its Beringer brand as he confirmed an immediate need to cut costs.
Australian wine sales have fallen flat in China, with one producer admitting that the country is not “the El Dorado” the industry was hoping it to be.
One of the most challenging jobs in global drinks has gone to an executive with no experience of the wine industry.
Michael Clarke has been named as the new CEO and managing director of Treasury Wine Estates.
US fund manager Wellington Management has spent AU$25m on shares in the struggling wine company Treasury Wine Estates.
There is a dichotomy between the global economy moving out of recession and companies experiencing slowing profits growth.
More disappointment and pain for the long-suffering shareholders of Australia’s biggest wine producer, Treasury Wine Estates.
Shares in global wine giant Treasury Wine Estates have been placed in a trading halt today at the company’s request pending a review of its earnings.
From Spain to New Zealand, we pick out the highest performing medallists priced above £20 in the drinks business Global Chardonnay Masters 2013.
Global wine giant Treasury Wine Estates is facing legal action from Australian shareholders after it was forced to write off six million bottles of wine in July due to oversupply.
© 2014 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420