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Treasury Wine Estates to acquire Frank Family Vineyards
Treasury Wine Estates, one of the world’s largest wine companies, has announced an agreement to acquire Frank Family Vineyards including the historic winery, brand and vineyard holdings.
Treasury appoints Grant to head up Beringer
Treasury Wine Estates has appointed John Grant as managing director of its Beringer Brand Business Unit.
Treasury and Accolade pack for each other
Treasury Wine Estates and Accolade Wines has announced that TWE will pack wine for Accolade in Australia with Accolade will pack wine for TWE in the UK.
Foster’s to demerge Treasury Wine Estates
Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.
Groupe Charlois acquires Winemakers Cooperage
French wine barrel manufacturer, Groupe Charlois, has expanded into the US with the purchase of Winemakers Cooperage (WC) from Treasury Wine Estates.
Coldstream Hills spends $5m on cellar
Treasury Wine Estates brand Coldstream Hills has completed a $5m upgrade of its winemaking facilities
The Foster’s Group (Foster’s) board of directors has rejected an offer for its Treasury Wine Estates. Foster’s received an “unsolicited expression of interest” from an international private equity firm to acquire the wine assets of Treasury Wine Estates. The proposal involved a cash consideration of between $2.3billion and $2.7billion for 100% of the assets.
