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Wednesday 17 September 2014

Treasury Wine Estates

Blass blasts Treasury’s American venture

The man behind Treasury Wine Estates has called the company’s US venture a “nightmare from day one” urging whoever takes it over to sell it.

Tuesday, August 12th, 2014 No Comments »

Second offer for Treasury Wine Estates

Australia’s Treasury Wine Estates has received a second multi-billion-dollar offer, sparking a bidding war for ownership of the troubled wine company.

Monday, August 11th, 2014 No Comments »

China hotel chain drops Penfolds

InterContinental Hotels in China has dropped Australian brand Penfolds from its wine lists over fears of being embroiled in a trademark battle.

Friday, August 8th, 2014 No Comments »

KKR raises takeover bid for Treasury

US firm Kohlberg Kravis Roberts (KKR) has raised its takeover bid offer for Treasury Wine Estates by 10%.

Monday, August 4th, 2014 No Comments »

Penfolds offers wine fridge with every purchase

Penfolds is offering a discount on a wine cabinet for every six bottles of its Bin and Luxury bought as part of Treasury Wine Estate’s latest promotional drive.

Monday, July 28th, 2014 No Comments »

TWE faces investor class action

Treasury Wine Estates is facing class action from its investors following an impairment of AU$19 million it made last year.

Wednesday, July 9th, 2014 No Comments »

Carter quits in Treasury shake-up

Andrew Carter, chief commercial officer for APAC & EMEA at Treasury Wine Estates has decided to leave after the wine group announced “substantial changes to its business model”.

Thursday, June 26th, 2014 No Comments »

Treasury writes down $260m of assets

Treasury Wine Estates has said it expects a AU$260 million impairment to its assets by the end of the year as it writes down the value of its wine business and embarks on a massive restructure.

Wednesday, June 25th, 2014 No Comments »

Treasury to cull 5% of workforce

Struggling wine group Treasury Wine Estates is to cut around 5% of its global workforce in order to invest more heavily in marketing and promoting its brands.

Thursday, May 22nd, 2014 3 Comments »

Treasury rejects US takeover bid

Troubled wine group Treasury Wine Estates has dismissed a bid from US equity firm, Kohlberg Kravis Roberts (KKR), worth just over AU$3 billion.

Tuesday, May 20th, 2014 No Comments »

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