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Tuesday 22 July 2014

Treasury Wine Estates

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 »

Is Pernod eyeing up Treasury Wine Estates?

Treasury Wine Estates’ shares jumped 14% today after it was reported that Pernod Ricard was interested in buying its US assets.

Friday, May 2nd, 2014 No Comments »

Treasury CEO set to slash portfolio

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.

Tuesday, April 8th, 2014 No Comments »

China ‘not the El Dorado we first thought’

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.

Thursday, April 3rd, 2014 3 Comments »

New CEO takes on ‘beleaguered’ Treasury

One of the most challenging jobs in global drinks has gone to an executive with no experience of the wine industry.

Thursday, February 20th, 2014 1 Comment »

New CEO for Treasury

Michael Clarke has been named as the new CEO and managing director of Treasury Wine Estates.

Thursday, February 20th, 2014 No Comments »

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