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Is the time right for Treasury WIne Estates to swoop for Diageo's wine business? - Comment

2015-10-06 12:46:00| Daily beverage news and comment - from just-drinks.com

It's hard to believe now, but when Diageo acquired Seagram's wine operations in late-2000, it was seen as a real opportunity; exciting even. Spirits, after all, were sluggish at the time, whereas wine was in impressive growth in the US and Europe. This, it was felt at the time, could be a niched, but prestigious, addition to the business.

Tags: time business comment wine

Treasury Wine Estates to consider Diageo's Sterling Vineyards division

2015-10-02 09:53:49| Beverages - Topix.net

Diageo's Sterling Vineyards in California's Napa Valley is a much more likely target for Treasury Wine Estates, because it is at the luxury end of the wine category. Treasury Wine Estates, owner of Penfolds, Wolf Blass and Rosemount, may look closely at buying the Sterling Vineyards wine brand in California but is likely to steer clear of other lower-end brands that British alcoholic drinks giant Diageo is putting up for sale.

Tags: division wine sterling treasury