Treasury sours on cheap wine

A focus on premium brands and a US restructuring could be just the tonic Michael Clarke needs to restore shareholder faith in the battered and bruised business… if it pays off.

Treasury Wine Estate’s new chief executive, Michael Clarke, didn’t pull his punches in his first public appearance today.

“There’s a lot to be fixed,” he said.

“There are structural issues affecting our business that have been left for far too long. There’s been a lot of talk in this company and not necessarily a lot of delivery.”

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles