Treasury Wine Estates Grows $8-plus Volumes

Dear Client: Foster's Group's wine division, Treasury Wine Estates, saw volumes of its wines priced above $8 a bottle increase 2.6% in the second half. This was revealed in its fiscal earnings for the 12 months ended June 30, released this evening. The company said "increased focus" on Penfolds, Beringer Luxury, Etude and Stags' Leap contributed to "strong growth in luxury volume." Those brands, coupled with Cellar No. 8 and Matua, saw volumes grow 20%. Overall market share in the