New Market Study Published: Treasury Wine Estates Ltd in Wine (World)
Treasury Wine Estates has faced serious challenges since its spin-off from Foster's Group in 2011. The US, which was a key component of its turnaround plan, has thus far failed to pay dividends. In 2013, the company was put in the extremely uncomfortable position of having to destroy up to 600,000 cases of wine as it over-estimated its inventory requirements. This was quickly followed by the stepping down of its CEO and calls for a review of its US operations.
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