Treasury Wine Estates
|Public (ASX: TWE)|
|Headquarters||Southbank, Melbourne, Australia|
Wolf Blass Wines
Number of employees
Treasury Wine Estates is an Australian-based global winemaking and distribution business. It is headquartered in Southbank, Melbourne, Victoria, and until a demerger in May 2011, was the wine division of international brewing company Foster's Group.
Treasury Wine Estates traces its roots back to the establishment of Penfolds in Adelaide (South Australia) in the mid-1840s, and the 1876 founding of Beringer Vineyards in the Napa Valley (California, US).
Foster's began to build its wine division from 1995 onwards. Through acquisition, it built the division in to one of the world's largest wine makers. In 2005, it acquired the Australian wine-making group Southcorp, adding famous brands including Penfolds, Lindemans and Rosemount, and around A$1 billion to revenues.
However, the division was always both a poor performing business, and often a cash drain on the highly profitable brewing business. On 10 June 2008, Foster's CEO Trevor O'Hoy resigned after poor performance by the wine division. By 2011, the company had written down the value of the wines division by half since it acquired it at the peak of the market, leaving it worth about A$3.1 billion.
After further difficulties in the division resulting in an additional A$1.3 billion write-down in early 2011, at a meeting in Melbourne on 29 April 2011, 99% of Fosters Group shareholders agreed to split Fosters Group business into separate brewing and wine companies.
Treasury Wine Estates officially became a separately listed company on 9 May 2011, with David Dearie as its CEO. The scheme of arrangement for the demerger of Treasury Wine Estates from Foster's Group was implemented on 20 May 2011.
Further write down of stock worth around $160m (AUD) took place mid 2013, followed by the redundancy of David Dearie and appointment of interim CEO Warwick Every-Burns. This left the business in a more fragile state as shares have dropped almost $2 (AUD) to just above $4. TWE now works with Accolade to promote bottling efficiency across regions, stronger re-enforcing its performance in Asia, Australia, New Zealand and Europe.
The business is divided into four global regions: Australia and New Zealand; The Americas; Europe; Middle East & Africa and Asia. Globally the company manages over 12,000 hectares of vineyards with 4,000 employees in 12 countries, with sales totalling over 35 million cases of wine annually, generating revenues of A$2 billion.
|Acacia Winery||Los Carneros|||
|Annie's Lane||Clare Valley||||Previously named "Quelltaler". Other labels: Copper Trail.|
|Bailey's of Glenrowan||NE Victoria|||||
|Belcreme De Lys||California Central Coast|
|Beringer Vineyards||Napa Valley||The oldest continuously operating winery in the Napa Valley, founded 1876.
The winery is on the National Register of Historic Places as a Historic District.
|Blossom Hill||California Central Coast|||
|Castello di Gabbianno||Tuscany|||
|Chateau St. Jean||Sonoma Valley|
|Coldstream Hills||Yarra Valley|||||
|Devil's Lair||Margaret River|||||
|Fifth Leg||Margaret River|||||
|Greg Norman Estates||(various)|
|Heemskerk||Tasmania||||Other labels: Abel's Tempest, Georg Jensen |
|Jamiesons Run||Limestone Coast|||||
|Killawarra||"SE Australia"||||Created by Seaview in 1971.|
|Leo Buring||Clare Valley &
|Lindemans||Hunter Valley &
|Matua Valley Wines||Marlborough||||Other labels: Angel Cove|
|Rawson's Retreat||Southeast Australia|
|Run Riot||California Central Coast|
|Squealing Pig||New Zealand|
|St Hubert's||Yarra Valley|
|Stags' Leap Winery||Napa Valley|
|Stellina di Notte||Veneto|
|Sterling Vineyards||Napa Valley|
|Colores del Sol||Argentina|
|Emma Pearl||Central Coast|
|Santa Barbara Collection||Central Coast|
|Sbragia Family Vineyards||Sonoma County &
|Maison de Grand Esprit||"France"|||||
- T. Stevenson The Sotheby's Wine Encyclopedia Fourth Edition p. 468 Dorling Kindersly 2005 ISBN 0-7566-1324-8.
- Takeovers rarely work for shareholders, Michael West (10 June 2008) smh.com.au.
- "Foster's shareholders decide wine and beer don't mix". ABC News. 29 April 2011. Retrieved 29 April 2011.
- "Foster's Group Implements Treasury Wine Estates Demerger". Just Drinks. 23 May 2011. Retrieved 11 March 2016.
- "About Us". Treasury Wine Estates. Retrieved 29 April 2011.
- Brands datas
- Annie's Lane
- Bailey's of Glenrowan
- Beringer Vineyards
- Coldstream Hills
- Devil's Lair
- Fifth Leg
- Jamiesons Run
- Matua Valley Wines
- Maison de Grand Esprit