Treasury Announces Executive Restructure FILED NOVEMBER 26, 2013As you know, Treasury Wine Estates has been in the spotlight lately after announcing an $145 million write down against its U.S. business and parting with former chief David Dearie, in the wake of which chairman Paul Rayner said the company would search for "a leader with a stronger operational focus to deliver the Company's growth ambitions."
B-F and Bacardi Pull Out of RNDC in AL, WV and MS FILED NOVEMBER 26, 2013Beginning January 1, 2014 Brown-Forman and Bacardi USA will be transferring brokerage services from Republic National Distributing Company (RNDC) to Hive Beverage International (The Hive) in Alabama, West Virginia and Mississippi.
TWE to Contract Package and Produce wine for Accolade in US FILED NOVEMBER 18, 2013Treasury Wine Estate and Accolade Wines have extended their partnership to the US via a packaging and production contract. Recall the two Australian companies have consolidated their bottling bottling operations in Australia and Britain. Under their previous arrangements, Accolade closed its bottling facility in South Australia to have TWE package its wines, while Accolade bottles TWE's export wines in Britain.