TWE Debuts Luxury-Focused Reorganization

Dear Client: Treasury Wine Estates (TWE) conducted a call late last night to provide a business update and details on a "new luxury portfolio-led divisional operational model," that will go into effect on July 1, according to outgoing ceo Tim Ford.  To start, TWE's projected EBITS for the full fiscal year 2025 will be just over $500 million, up 17% versus the prior year. That is driven by top-line growth from Penfolds as it rebuilds its Chinese business as well