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

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 Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.

French wine barrel manufacturer, Groupe Charlois, has expanded into the US with the purchase of Winemakers Cooperage (WC) from Treasury Wine Estates.

Treasury Wine Estates brand Coldstream Hills has completed a $5m upgrade of its winemaking facilities

Foster's rejects wine offer

10 September, 2010

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.

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