Treasury appoints Grant to head up Beringer
Treasury Wine Estates has appointed John Grant as managing director of its Beringer Brand Business Unit.
Bacardi GTR appoints new MD
Bacardi Global Travel Retail has appointed Mike Birch to the role of managing director.
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
Australian fine wine classification is published
Langton’s Classification, the quinquennial (occurring every five years) guide to Australia’s best performing and most prized wines, has been published.
Foster's rejects wine offer
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.
Comment
NOTHING'S NORMAL
Happy customers across the UK enjoyed their first pints and non-homemade cocktails at the start of July as its hospitality sector reopened after months of lockdown. But normal service has hardly resumed.
