The Treasury Wine Estates Ltd (ASX: TWE) share price is down 2.6% after holding an investor day.
Treasury Wines is a world-leader in wine making and brand marketing with some 13,000 hectares of vineyards available and around 3,400 employees across 70 countries. Some of more popular brands include Lindeman’s, Penfolds, Pepperjack, Rosemount, Yellowglen and Wolf Blass.
What Was Mentioned?
Treasury Wine outlined its journey, its setup, its brands, its opportunity and its strategy to investors in the presentation.
But, as the Australian Financial Review has reported, the Treasury Wine CEO Mike Clarke said that it could still divest its cheaper commercial wine segment from the higher-priced brands.
The cause of a divestment would be a large deal where the acquired company’s wine business would be merged with Treasury’s own businesses.
Treasury Wine Estates also made reference to the ongoing trade war between the US and China. It’s very important that Penfolds doesn’t become a pawn in the political debate.
But there are clearly trade war risks with Treasury Wine Estates, so it may be better to think about the shares revealed for free in the report below.
[ls_content_block id=”18457″ para=”paragraphs”]
[ls_content_block id=”18380″ para=”paragraphs”]
