Treasury Wine Estates

Treasury Wine Estates buys Yarra Valley vineyard from Accolade

A deal worth AU$7 million...

Penfolds owner Treasury sees takeover bids collapse

Takeover offers valuing Treasury Wine Estates at A$3.2bn have collapsed, leaving the Penfolds and Wolf Blass owner's current leadership to find a way to improve financial results.

Treasury Wine Estates facing lawsuit over US charges

Treasury Wine Estates has been accused of misleading shareholders by not warning them early enough of its plan to spend millions of dollars to destroy excess wine in the US.

Treasury Wine Estates and the two faces of Australian wine

David Dearie's departure from Treasury Wine Estates is a reminder that the Australian wine industry is still working through serious challenges, despite newfound acclaim.

Treasury Wine Estates under pressure as chief leaves

Treasury Wine Estates has announced the abrupt exit of its chief executive, prompting more tough questioning from analysts about the group’s struggling US wine business.

Destroying wine in US hits Treasury profits

Profits at Australia's Treasury Wine Estates (TWE) more than halved in the past year, due in part to the company's decision to destroy large amounts of wine in the US.

Treasury to destroy large amounts of 'old and aged' wine in US

Penfolds, Beringer and Lindemans owner Treasury Wine Estates (TWE) is planning to destroy large amounts of wine in the US after shipments fell by up to 2m cases.

Penfolds Icons released and on market for hefty discount

Buyers have reacted positively to the release of Penfolds' latest batch of top wines – despite the distractions of a bumper day of Bordeaux en primeur releases.

Treasury in takeover bid speculation

Speculation is growing that Penfold's and Wolf Blass owner Treasury Wine Estates could be a takeover target, with a rumoured price tag as high as A$4bn-plus.

Treasury points to 'Mother Nature' as earnings drop

Former Foster's wine business Treasury Wine Estates blamed a poor 2011 vintage for an expected 20% reduction in earnings in the first half of the company's financial year.

Treasury seeks to upgrade US, Asia operations

A year after splitting from Foster's, Treasury Wine Estates' new chairman has confirmed the company’s strategy to focus on upgrading its business in Asia and the United States.

Accolade jobs loss in deal with Treasury Wine Estates

Accolade Wines in Australia has shed 175 jobs as it moves its bottling operation to Treasury Wine Estates in a historic deal with its major rival.

Gaming billionaire ups stake in Treasury Wine Estates

Casino and gaming billionaire James Packer has increased his stake in the world's second largest wine producer, Treasury Wine Estates.

Treasury 'best thing that's happened' to Wolf Blass

Premium Australian producer Wolf Blass will drive to promote its icon wines under its new owner Treasury Wine Estates.

Treasury cites 'deep discounting' break for sales drop

Treasury Wine Estates, the wine division of brewing giant Foster's, has reported a fall in sales volumes in its first year as a standalone operation.

Chinese buyer eyes Penfolds, Rosemount group

Leading Australian wine brands including Penfolds, Rosemount and Lindemans could soon be under Chinese ownership, according to media reports.