Treasury Wine Estates (TWE) will transition to a new regional operating model as it continues its global transformation programme, TWE Ascent. According to the wine company, the new operating model will strengthen efficiency across four main regions: the Americas; Australia and New Zealand and Europe; Greater China; and Emerging Markets. Coming into effect on 1 October, each region…

Australian wine giant Treasury Wine Estates has dismissed speculation it could face bankruptcy, despite mounting investor concern over its debt levels and a sharp fall in its share price. Shares in the Penfolds owner have dropped 63% over the past year as hedge funds increase short positions and question whether AU$1.9bn (£1bn) in debt is sustainable in a tougher economic environment.

Treasury Wine Estates has pulled its earnings guidance and paused a A$200 million share buyback in response to weak sales in China and distribution issues in the U.S.  Treasury explained that sales of Penfolds in China were much weaker than expected, which it said was due to changing alcohol consumption habits.  The company continued, “If the performance trends…

Treasury Wine Estates has announced strong financial results for the year ending 30 June 2025, led by growth from the Penfolds portfolio division.  The business revealed that its earnings before interest and taxes (EBITS) increased by 17%, with a margin of 26.2%, to $770.3m during that time.  Meanwhile, its earnings per share (EPS), before material items and SGARA, increased by…

Treasury Wine Estates (TWE) has announced that Sam Fischer will take over as CEO and MD, with a start date of October 27, 2025.  Fischer succeeds Tim Ford, who leaves the company after 14 years, including five as CEO and MD.  The company said that succession planning has been underway for an extended period, including a comprehensive global search.  Fischer is…

Treasury Wine Estates’ 19 Crimes brand has launched a new spiced rum, marking its first venture into the spirits category.  The 19 Crimes Spiced Rum, which is available now in Tesco, was produced in partnership with Quintessential Brands. Created with the aim of introducing new drinkers to the rum category, it is the first spirit to be launched by the wine brand. …

Treasury Wine Estates (TWE) has announced two UK hires, as it looks to bolster the business’ marketing function. Benazir Barlet-Batada (pictured right) has been named director of global brands, while Russell Kirkham (pictured left) becomes head of marketing, EMEA for the Treasury Premium Brands portfolio, which includes Wynns, 19 Crimes, Squealing Pig and Pepperjack. A spokesperson for the company confirmed that these…