Treasury puts a cork in sales talk

Michael Clarke's determination to build Treasury's global brand aligns with strengthening US demand, while raising questions on whether the group's US presence is large enough to propel those ambitions.

Treasury Wine Estates’ new chief executive Michael Clarke has laid down the biggest marker of his new career. The group’s US wine business is not for sale.

Twice this month Treasury has been forced to respond to speculation that it has been approached by prospective buyers of that business.

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