The shares rose as high as $ 6.47 in mid-May 2013, before its troubles began with an oversupply of commercial wine in the United States, triggering heavy writedowns and a profit downgrade which claimed the scalp of former chief executive
David Dearie.
Interestingly, some of the private equity bidders were said to have tapped former Treasury Wines chief executive
David Dearie for advice on their tilts.