The news this week that Treasury Wine Estates has offloaded the US licences for four of its lower-priced US wine brands ties in with the group’s longer-term strategy. Only last month, group CEO Tim Ford said as much when we spoke to him after the release of half-year results.
Treasury Wine Estates makes US offload to The Wine Group – But, who is The Wine Group? – analysis
For some readers, yesterday's news regarding Treasury Wine Estates selling off a chunk of its value wines might have raised some eyebrows.