Australia | 10:56 AM
A divestment process in the Americas has started as Treasury Wine aims for a leaner, more profitable business, but where will growth come from?
-Cautious reaction given lack of detail on further restructuring
-Significant uncertainty around volumes previously destined for China
-Takeover speculation continues
By Eva Brocklehurst
Treasury Wine Estates ((TWE)) has commenced the restructure of its Americas business, flagged at the first half update, with the of exit of several low-priced brands. Additional restructuring, where both Penfolds and the Americas units are separated internally, should be undertaken over the next six months.
The latest announcement pertains to a significant share of volumes in Americas that is …
Read the full article at: https://www.fnarena.com/index.php/2021/03/12/caution-over-treasury-wines-restructure/