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Treasury Wine Estates to split ‘premium’ from ‘luxury’ – results data

Olly Wehring
Last updated: 15/02/2024 at 3:19 PM
By Olly Wehring
15 February 2024
4 Min Read

Treasury Wine Estates is due to review its operating model with a view to “considering [the] ‘commercial’ brands” housed in its ‘Premium Brands’ unit.


Treasury Wine Estates Portfolio 2022
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Six-month sales dip 2.3% to AUD1.28bn (US$828.9m) Penfolds operations up 8.2% from six months to end of December at AUD448.1m Treasury Americas slides 6.5%, 'Premium Brands' down 7.9% The announcement was made in today's announcement of six-month results that saw sales in the half-year to the end of December fall by just over 2%. The slip represents an improvement on the -4.9% sales performance in fiscal 2023, to the end of June last year. On the figures front, Treasury enjoyed a healthy performance from its Penfolds brand, which rose in sales-by-value terms by 8.2%. The strong show

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  • AB InBev
  • Bacardi
  • Campari Group
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TAGGED:Treasury Wine Estates
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
Previous Article Pernod Ricard logo and portfolio 2022 Pernod Ricard expecting ‘broadly stable’ full year despite ongoing sales dip – results data
Next Article Penfolds logo on an external wall ‘Our centre of gravity now is very much around luxury’ – Treasury Wine Estates CEO Tim Ford speaks exclusively to Global Drinks Intel
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