Headwinds across IDP Education’s UK, Canada, US and Australian markets to nearly halve earnings. Lower than expected premium portfolio shipments in the US dent Treasury Wine outlook. China, US tensions rise.
Here is the latest company close update for Treasury Wine Estates Ltd, TWE.
After a soaring five-decade career, much of it spent as chief winemaker at Treasury Wine Estates, the artful Chris Hatcher finally puts his name on the label. The results are superb.
Sam Fischer, who has more than 30 years experience in beer and spirits, plus fashion through his directorship of British fashion icon Burberry, has been tasked to lead Treasury Wine into its ‘next era of growth’.
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Treasury Wine Estates boss Tim Ford believes the winemaker must wean itself off cheap wines and focus on luxury brands such as Penfolds.
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Tim Ford doesn’t just want to pack product off to China never to be seen again; he believes his Treasury Wine Estates and Penfolds brand can be a driving force in that country’s wine community.
Taylors Wines has pulled out of talks to acquire labels from Treasury Wine Estates but is still in the hunt for acquisitions.
It is family-owned operators, rather than big corporate names, which are keen on scooping up Treasury Wine Estates’ non-core brands that the wine major is looking to offload.
Australia’s iconic Penfolds wine will have a new Chinese home after Treasury Wine bought a controlling stake in a 43-hectare luxury winemaker in China.
Australia’s luxury wine brand Penfolds has ‘real energy’ after re-entering the Chinese market following the end of crippling tariffs, Treasury Wine Estates boss Tim Ford says.
He’s the new Qantas chairman and some shareholder groups fear John Mullen has too much on his plate to be a Treasury Wine Estates director.
Maurice Blackburn Lawyers and Slater and Gordon have reached an in-principle agreement on behalf of the winemaker’s shareholders.
John Mullen has too many board seats to continue as Treasury Wine Estates’ chair, according to the ASA. But other influential proxy advisers are more relaxed ahead of this week’s AGM.
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Deal-makers are unsure who will acquire the commercial wine brands of Treasury Wine Estates after Pernod Ricard sold its Australian business to Bain Capital.
The Penfolds producer has long been confident about the potential of the Chinese market, but faces a very different China from the one that closed its doors to Australia four years ago.
Treasury Wine Estates boss Tim Ford says the company is in the ‘best position it has ever been’ as it sheds its low margin commercial wines to focus on the needs of luxury wine drinkers.
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As Australia-China relations improve, companies from Treasury Wine to Goodman Group will give insight into the new settings for business.
In a bid to focus on luxury labels and stem a $354m hit to its 2024 results, Treasury Wine Estates will divest struggling commercial wines like Lindeman’s, Yellowglen and Wolf Blass.
Driverless forklifts, and robots which collect data and move barrels around – take a look at Treasury Wine Estates’ Barossa Valley facility following a $10m revamp.
Penfolds will soon have 200 staff on the ground in China as it aims to aggressively grow the recently reopened market, on the back of a record Australian vintage.
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The maker of Penfolds, 19 Crimes and Squealing Pig has restructured its key innovations arm in what could be a first step in splitting off its premium brands division.
The makers of Penfolds wine as well as a large portfolio of brands in Australia, China, Europe and the US says its previous earnings guidance is on track.
Treasury Wine Estates has not ruled out asset sales or a demerger, but market experts bet that shareholders will be waiting a while before they happen.
While Treasury Wine Estates is cautious about China lifting tariffs on imported Australian wines, overall the business relationship with our largest trading partner is getting better.
Penfolds maker Treasury Wine Estates stands to regain hundreds of millions of dollars in lost sales if China dismantles its tariffs, but getting hands on enough top shelf wine could be a challenge.
Original URL: https://www.theaustralian.com.au/topics/treasury-wine