TWE Leans on Luxury in F24

Dear Client:   Treasury Wine Estates recorded global net sales revenue growth of 4.4% on an organic basis for the fiscal year, ceo Tim Ford noted on yesterday evening's earnings call.  Growth was largely driven by strong luxury portfolio growth in both Penfolds and Treasury Americas and partially offset by lower sales in Treasury Premium brands, added cfo Stuart Boxer.  Breaking that division performance down on a constant currency basis: "The performance of our luxury portfolio is without doubt the