Treasury Wine Estates Archives - Inside FMCG
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.
Growth of private labels, disruptive leadership changes and aggressive market pricing in the US have impacted the Australian wine business.
The top FMCG news from this week.
Michael Clarke will retire as CEO next year with Tim Ford to take up the position.