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Tuesday 30 September 2014

Treasury Wine Estates

Treasury ends takeover talks with KKR

Treasury Wine Estates has announced it has ceased its discussions with the American equity firm that had put forward a takeover bid.

Monday, September 29th, 2014 No Comments »

Formal bids made for Treasury

Australia’s Treasury Wine Estates has received formal takeover offers from two private equity firms, according to the Australian Financial Review.

Friday, September 26th, 2014 No Comments »

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 »

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