Treasury Wine Estates Archives - Inside FMCG
Treasury Wine Estates has been swift to move after China imposed sudden duties on Australian wine imports.
An anti-dumping probe into Australian wine by China’s Ministry of Commerce risks escalating a growing trade dispute between the two countries.
Lower luxury sales during Covid-19 restrictions impacted Treasury Wine Estates (TWE) sales, with net profit down 25 per cent as a result.
Treasury Wine’s new CEO Tim Ford shares first business update, flags 21 per cent drop in earnings due to Covid-19.
Treasury Wine Estates said it “strongly denies any and all allegations of wrongdoing”.
The spin-off of the Penfolds brand to accelerate the separate focus of its luxury and commercial portfolios.
Shareholders raise concerns over market disclosures around the health of Treasury’s US wine business.