Treasury Wine reviews Americas business to boost growth
Treasury Wine Estates is reviewing its Americas operations and cutting its portfolio to focus on core brands. The firm aims for annual savings of A$100 million.
Insights:
Australia winemaker Treasury Wine Estates saw shares rise 12.6% to A$4.640 on Thursday morning following a review of its Americas operations. The company is trimming its portfolio from 76 to fewer than 30 brands to focus on high-margin growth. The restructuring targets A$100 million in annual savings to offset supply chain inefficiencies and inventory gluts.
