This newly aggressive approach to capturing market share will
see TWE shortly begin giving away gold bars worth ¥ 6000 yuan ($ 1277) to Chinese customers who spend ¥ 23,000 yuan on Penfold's products.
Not exact matches
«Importantly, legitimate sales of
TWE's quality wines remain be extremely strong — a great recent example of this is the record - breaking Singles Day online shopping event in China involving Alibaba and a number of our e-commerce partners which
saw our sales growth increase significantly through our own - managed platforms».
TWE's renewed success in China comes at a time when the likes of Coke and Unilever are reporting single - digit growth in China, while beverage group Diageo
saw its full year sales fall 2 per cent across the Asia - Pacific.
«While we understand that
TWE wanted to maintain KKR's request for confidentiality, in the interest of its continuous disclosure requirements we believe it is strange to
see the company announce what appears to be a legitimate acquisition proposal more than a month after receiving it.»
Supposing
twe'll be
seeing them at the end of the month, we'll just have to wait and
see.