Caution Over Treasury Wines' Restructure
A divestment process in the Americas has started as Treasury Wine aims for a leaner, more profitable business, but where will growth come from?
Source: fnarena.com
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Australia's Treasury Wine signs licensing deal for U.S. brands
2 Min Read (Reuters) - Australia’s Treasury Wine Estates Ltd said on Wednesday it will license A$100 million ($77 million) worth of its U.S. brands to The Wine Group as part of an ongoing overhaul of its American operations. 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 Treasury, the world’s largest listed winemaker, has been looking to shrink its low-end “commercial” U.S. portfolio after competitive pressure dragged on growth even before Chinese import tariffs and a pandemic-drive...
Source: reuters.com