Penfolds owner Treasury Wine Estates is aiming to turn a new brand focused on female wine drinkers into a global success after spending two years developing it with US actor and film producer Reese Witherspoon’s media company.
The Drop of Sunshine brand is pitched at the $20 mark in Australia and is a collaboration with Hello Sunshine, which focuses on telling female-driven stories.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com