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).

Beringer, the official wine of the PGA golf tour, has extended the sponsorship to include the UK.

Treasury Wine Estates has appointed John Grant as managing director of its Beringer Brand Business Unit.

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Philip Duff

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