date:Jun 27, 2014
While Treasury Wine Estates has declared its fiscal year starting in July as a reset year in which the company will amp up marketing activities and attempt a turnaround, rumors about a possible sale of the group continue to swirl.
Following Treasurys announcement this week that it would take a writedown of up to $244 million in its current fiscal year, the Australian Financial Review (AFR) reported that LVMH is eyeing an acquisition of Treasury either in whole or in part. The AFR said Treasurys