Page 36 - Tim Ford News Today

Treasury Wines’ US slimdown plan gathers pace Save Share Treasury Wine Estates shares spiked by almost 10 per cent on Monday on yet another round of buyout rumours even though its lucrative China profits have been decimated, making it extremely difficult to value the Penfolds owner. Shares in Treasury Wines were as high as $11.29 on Monday after the latest bout of buyout rumours from Britain, this time involving French drinks giant Pernod Ricard. The stock closed up 6.4 per cent to $10....

Pernod Ricard rumoured to be mulling Treasury Wine takeover 08 March 2021 By Ron Emler Rumours have began circulating that Pernod Ricard is mulling a takeover of Treasury Wine Estates, though their veracity has not been confirmed. Shares in Australia’s troubled Treasury Wine Estates jumped by more than 7% today on unconfirmed rumours that it had received a takeover bid. Reports originating overnight in London tipped Pernod Ricard as the suitor but Treasury, Australia’s large...

Why Aussie exporters won’t be toasting China or the US Australian-produced wine on the shelf in Beijing in December (Noel Celis/AFP via Getty Images) Published 25 Feb 2021 15:30   0 Comments   Lock the doors When the China trade numbers were released on Tuesday, you could hardly blame Australia’s 2500 winemakers if they locked themselves in the cellar with a nice bottle of red. They certainly have plenty to ...

Michelle Brampton is exiting after 19 years with the wine group in the wake of a restructure by CEO Tim Ford.

Record dividends and stellar earnings were welcomed warmly by both investors and analysts. However, the spectre of COVID-19 still looms large over the ASX.

3 Min Read (Reuters) - Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine. FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray The restructuring was unveiled on Wednesday as the world’s larges...

Treasury Wine Estates will retain a "meaningful presence" in China despite experiencing a drop in operating profit of 36.6% in the region in the six months to 31 December 2020. 

Winemaking giant Treasury Wine Estates has cancelled a potential demerger of its high-end wine brand Penfolds.

Commercial sense meets brave winemaking at Domaine Gayda Hailing from the Loire and with skills honed under Marc Kent at Boekenhoustkloof, winemaker Vincent Chansault has been getting all the right notices since he started making wines at Domaine Gayda in the Languedoc. Chansault is a bold winemaker and is constantly pushing the envelope with exciting blends, techniques and a variety of ageing vessels. David Kermode talks to him about the estate’s various ranges, tastes through a wide selecti...

Australian wine exports ended up 1 per cent lower in 2020 to $2.89 billion after a rapid fall-off to China.