Treasury Wine Estates' Penfolds has been voted The World’s Most Admired Wine Brand, usurping two-time winner Torres.
Treasury Wine Estates is the subject of a bidding war, according to reports from Australia.
Treasury Wine Estates has rejected an AUS$3.05 billion (US$2.85 billion) takeover bid from Kohlberg Kravis Roberts & Co (KKR).
Treasury Wine Estates (TWE) has announced that CEO David Dearie, has left.
Concha y Toro has been voted the World's Most Admired Wine Brand for the third year running, ahead of Torres and Penfolds.
Penfolds has launched Bin 620 Coonawarra Cabernet Shiraz to global markets, the first release of the ‘special bin’ since 1966.