date:Nov 30, 2012
Treasury Wine Estates (TWE) is leasing vineyards in Californias Napa Valley and Australias Barossa valleys to retrieve grapes and produce wines to meet their growing demand in global market.
According to the October 2012 report of the International Organization of Vine and Wine, the recent bad weather had resulted in destruction of harvests in regions from France to Argentina thereby resulting in shortage of grapes.
TWE CEO David Dearie told Bloomberg.com that the company had witness increase