Treasury Wine Estates, which produces the wine brands Wolf Blass and Penfolds, is to initiate a significant trimming of its overheads.
This will come in the form of supply chain revisions, and the creation of a more distinct divider between the production of its high-end wines, and of its more quotidian wines. The decision comes in the wake of a considerable profit slump.
In Australia, Treasury Wine Estates will sell its Ryecroft winery in McLaren Vale, the Bailey’s facility in Glenrowan, and the T’Gallant plant in Mornington Peninsula. Furthermore its Karadoc winery will be used solely for the making of up-market wines.
In California, the company will also transfer production responsibilities within its nexus of locations.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article written by Peter Donnelly.
