TWE Inks Licensing Agreement for Lower-End Brands with The Wine Group

Dear Client:   As part of its wider US strategy, Treasury Wine Estates announced it has reached a licensing agreement with The Wine Group for several of TWE's commercial brands, effective today, per a release.  As part of the long-term licensing agreement, The Wine Group will source and sell the Beringer Main & Vine, Beringer Founders' Estate, Coastal Estates and Meridian brands in the Americas. Moreover, The Wine Group will acquire existing inventories for these brands "on a progressive drawdown