TWE Chief Sees “Significant Opportunity” for Improvement in the US

Dear Client:Treasury Wine Estates ended its fiscal year with net sales revenue up 9.4% in the Americas. In the US, the company delivered growth "despite the period of significant operational change within a US wine market that is challenging," particularly in the commercial tier as retailers focus more on private label, said TWE chief Mike Clarke on last night's earnings call. "These factors have required additional investment within our business in fiscal 2019, however, we're still pleased to have delivered growth