«The board of TWE, together with its advisers, has concluded, based on the revised proposal, that it is in the interests of its shareholders to engage further with KKR and Rhone,» the announcement said. (abc.net.au)
The macro trends in TWE's favour include China's overall retail sales rising at an annual rate of 10.5 per cent and imported wine stealing market share from local brands. (afr.com)
The introduction of Maison de Grand Esprit represents a significant step forward for TWE with the addition of a French brand to its existing portfolio of wines from diverse countries of origin including Australia, New Zealand, the USA and Italy. (tweglobal.com)