The Distillery: TWE's bitter drop

Scribes see Treasury Wine Estates' US problems as entrenched, with one saying the demerger from Foster's Group was no cure-all.

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.



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