Foster's readies its wine demerger
Foster's readies its wine demerger
Jul 21, 2010 6
Foster's Group has announced its soon-to-be demerged international wine business will be renamed Treasury Wine Estates, creating a new corporate identity and image to represent the businesses' 12,000 hectares of vineyards, 20 wineries and portfolio of 50 wine brands. The newly named wine company will produce and sell wines from Australia, California, France, Italy and New Zealand, with 4,000 global employees and an independent stand-alone board and management team when the split from the beer division is expected to be forged next year.
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