date:Jun 25, 2014
as been in trouble for some time now and hit a nadir at the beginning of the year when its fortunes fell so low that trading in its shares was suspended.
Since then there have been rumours it was going to sell off one of its leading US brands, Beringer, in an effort to balance the books.
Pernod Ricard was once touted as a potential buyer but this was rejected by the French multinational. US equity firm KKR offered AU$3bn just last month but this was rejected by TWEs board.