TWE Taking Steps to Get Back on its Feet

Dear Client:You'll likely recall, Australia's Treasury Wine Estates has faced some hurdles over the last calendar year (see WSD 08-22-2013). However, in its first half results ended December 31 the company touted positive progress that it expects will go a long way to regaining balance in the US. KEY BRANDS DELIVER VOLUME GROWTH: For the 26 weeks to January 4, TWE's entire portfolio grew volumes 1% in Nielsen's food, drug and liquor store channel. The company's three largest brands, Beringer