Treasury Wine Estates removes ‘for sale’ sign from lower-end wines as top line climbs in half-year – results data

Sales from six months to end of December increase 5.1% to AUD1.54bn (US$970m) Including Daou Vineyards, top line jumps 20.5% 'Global Premium' division set to come into being on 1 July Treasury Wine Estates has chosen not to proceed with a consolidation of its lower-end portfolio, bringing an end to its intention to sell off its 'commercial' brands. The announcement, which featured in today's half-year results release, will see the likes of Blossom Hill, Lindeman’s, Wolf Blass and Yellowglen remain with the group. Having initially confirmed the move in August, Treasury said that the "offers