Posts tagged "Treasury Wine Estates"

Wine industry salutes tech company’s efforts

[6 November/Otago Daily Times] A Mosgiel based company, TracMap, has won a prestigious award at the annual Australian Wine Industry Impact Awards. The company provides grape growers with GPS guidance and mapping systems to manage activities on vineyards. The award was an indication that the technology can make a difference according to CEO, David Glen....

Treasury Wine Estates sell two Hawke’s Bay vineyards, no ongoing supply contracts

 [1 April/ Stuff] Two large Hawkes Bay vineyards have been put on the market by owner Treasury Wine Estates without ongoing supply contracts so the properties can be converted for other uses. Matheson Vineyard is a 41.02-hectare property valued at $4.38 million, and Dartmoor Vineyard sits on 3.18ha of land, valued at $2.2 million. Bayleys...

Treasury Wine Estates to put calorie information on labels

[10 December/ Business Day] Australian wine company, Treasury Wine Estates is to print calorie information on all of its labels. While the information will not be a thorough breakdown of the calories, a dedicated web address will be printed on the branded labels to help direct consumers to the information online. The company said it...

Treasury Wine Estates to close Auckland winery and expand in Marlborough

[22 October/ Business Day] Treasury Wine Estates, the Australian listed wine company, has announced it will be closing its Auckland winery and moving all production to Marlborough, resulting in close to 50 redundancies.  It also announced it would be closing the Matua packaging plant and the cellar door in Waimauku.  Treasury Wine Estates produced wine...

Treasury Wines’ big loss eases pressure on takeover bidders

[21 August/ The National Business Review] The world’s second biggest winemaker, Treasury Wine Estates made an AUD 101 million bottom-line loss after writing off AUD 280 million on its US wine inventory as well as making a reassessment of earlier acquisition costs (this compares with an the AUD 47.2 million net profit in 2013). Earnings...

Treasury Wine Estate receives high KKR takeover bid

[4 August/ ABC News] Australia’s largest listed wine company, Treasury Wine Estates received a takeover proposal from a US based buyout firm, Kohlberg Kravis Roberts and European private equity group Rhone Capital, to increase their offer by 10.6 percent to Australian dollars 5.20 per share, beating the earlier offer by Kohlberg Kravis Roberts, which the...

Young Farmers name new chief exec

 [5 September/ Rural News Group] Terry Copeland will take the seat as Chief Executive of New Zealand Young Farmers from October 1 this year. Mr Copeland will move from Treasury Wine Estates, the second largest wine company globally where he has been leading the export strategy and the supply chain team for four years. The...