Fletcher's former club Burnley will be due 15 per
cent of any profits Wolves make on the player they signed for # 7 million in 2010.
Not exact matches
Treasury, the home
of Penfolds,
Wolf Blass and Beringer, delivered its standard cracker
of a result on Wednesday, easily beating earnings forecasts with 25 per
cent increase in earnings before interest tax and self - generating and regenerating assets (its preferred
profit measure) to $ 283.3 million, well ahead
of analyst forecasts
of EBITS
of $ 265 million.
Mr Clarke has been at the helm
of the maker
of Penfolds,
Wolf Blass and Wynns for four years and its Asian business alone generated a 48 per
cent rise in
profits in the first half
of 2017 - 18 to $ 117 million from soaring sales.
Treasury, which lifted
profits from sales to Asia by 48 per
cent to $ 117 million in the first half
of 2017 - 18 driven by its Penfolds and
Wolf Blass brands, is in the early stages
of trying to elevate the status
of its Californian brands in the China market, but sales are only a tiny fraction
of those generated by the powerful Australian brands.