Treasury Wine Estates chief executive David Dearie still sits atop a company that has risen 48 per cent since its spin-off from Foster’s Group in 2011. But its status as a market darling has been thoroughly debased by news of ongoing problems in the US – the same problems that plagued its former owner for a decade.
Are demergers as good as all that? Is the company’s US business beyond saving? Australia’s business commentators investigate.