Treasury Wine Estates: The First 100 Days

Dear Client:It's actually been 105 days since Foster's demerged its wine business, Treasury Wine Estates, into a stand-alone company. As Foster's beer division is under a hostile attack from SABMiller, TWE struggles with lower volumes (down 6.6%) and currency woes as the Australian dollar is strong against a falling US dollar."Overall, our results for the 2011 fiscal year were solid ... but we're not yet firing on all cylinders and some aspects of performance were disappointing," said chief David Dearie,