Wei ZhangFood
Treasury Wine Rules Out Fire Sales After Raising $50 Million from Divestments
Chairman John Mullen says the Penfolds producer will not dump labels at distressed prices while cutting its portfolio from 75 to 35 brands.
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Treasury Wine Estates
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Stories tagged Treasury Wine Estates
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Wei ZhangFood
Penfolds Brand Value Drops 32% to $776 Million as Still Wine Slumps
China’s Changyu also slid 22 per cent in the latest Brand Finance valuation ranking as Champagne houses widened their lead over still labels.
Maria SantosFood
South Australia Launches $109 Million Wine Sector Rescue Package
A $100 million concessional loan facility forms the core of South Australia’s funding package to tackle vineyard oversupply and rebuild export momentum.
Maria SantosFood
Treasury Wine Estates Sells Seppelt Winery to Stonier Owners
The Melbourne-based wine group offloaded its 160-year-old Victorian assets to Aaron Drummond and partners to secure 100 million dollars in planned savings.
Minjun ParkE-Tailing
JD.com launches Australian Mall
Chinese language eCommerce gaint JD.com has launched an Australian Mall platform to convey “genuine, imported merchandise” to China. The Nasdaq-listed e-tailer says the brand new ‘mall’ might be a brand new channel on its JD Worldwide cross-border platform.…