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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.
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changed
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editors
Timeline - Diageo's retreat from wine and beer
2015-10-14 12:03:32| Daily beverage news and comment - from just-drinks.com
In early September, analysts at Nomura ran the rule over a possible SABMiller merger with Diageo. Anheuser-Busch InBev now looks certain to take control of SABMiller, but Diageo - wrestling with stock price weakness and currency headwinds - has been far from quiet. Here's a just-drinks rundown on the Guinness and Johnnie Walker owner's movements in the past few weeks, which have seen it withdraw from some of its wine and beer investments.
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beer
retreat
timeline
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:
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.
Tags: hill
operations
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treasury
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.
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