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Treasury waters down rules for bankers

2015-10-15 13:28:34| BBC News | Business | UK Edition

New rules governing financial bosses' conduct will not now include an insistence they prove they were unaware of any wrongdoing.

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Diageo and Treasury Wine Estates - how times have changed - Editor's Viewpoint

2015-10-14 13:31:00| Daily beverage news and comment - from just-drinks.com

The timing could have been better, but yesterday's divestment of much of Diageo's wine operations has been mooted for a while. What is ironic, though, is that the buyer was itself offered to Diageo as an acquisition opportunity less than seven years ago.

Tags: times changed wine editors

 
 

What has Treasury Wine Estates bought from Diageo? - The facts

2015-10-14 11:46:00| Daily beverage news and comment - from just-drinks.com

Late yesterday, Diageo announced the divestment of part of its wine operations to Australia-based Treasury Wine Estates (TWE). Here, we take a closer look at what the deal includes: 

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Treasury Wine Estates buys US wine operations, Blossom Hill from Diageo

2015-10-14 02:33:00| Daily beverage news and comment - from just-drinks.com

Diageo has lined up the sale of the bulk of its wine operations - including the Blossom Hill and le Piat d'Or brands - to Treasury Wine Estates.

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Treasury Wine to buy bulk of Diageo's UK, U.S. wine assets for $552 million

2015-10-14 02:16:28| Beverages - Topix.net

The company said the purchase of brands including Sterling Vineyards, Yellow Tail, Blossom Hill and Piat d'Or as well as the Chateaux & Estate Wine business in the U.S. would immediately double its luxury and "masstige" - or mass prestige - net sales revenue in that country. The deal advances a turnaround plan under Chief Executive Officer Michael Clarke, brought in last year to rethink the company's growth strategy after a disastrous foray into the U.S. saw it destroy thousands of cases of unsold low-end wine.

Tags: buy million wine assets

 

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