Nov 5 (Reuters) - Treasury Wine Estates Ltd (TWE) :
- TREASURY WINE ESTATES LTD - TWE 2020 AGM ADDRESSES AND Q1 TRADING UPDATE-TWE.AX
- WORK IN RELATION TO THE POTENTIAL DEMERGER OF PENFOLDS HAS BEEN PAUSED
- ACROSS ASIA, SEEN PROGRESSIVE RECOVERY OF DEMAND M/M, WITH DEPLETIONS FOR TOTAL CO'S BRAND PORTFOLIO GROWING 14% IN Q1
- ASSESSING INTERNAL OPERATING MODEL OPPORTUNITIES TO DELIVER LONG-TERM VALUE THROUGH SEPARATE FOCUS ACROSS BRAND PORTFOLIOS
- IN Q1, IN CHINA SPECIFICALLY, HAVE CONTINUED TO SEE STRONG RECOVERY IN CONSUMER DEMAND FOR OUR BRANDS
- HAVE NOT RECEIVED ANY ADVICE OR NOTIFICATION FROM CHINESE AUTHORITIES IN RELATION TO SPECULATION RELATING TO A POTENTIAL EMBARGO
- LONG-TERM VALUE CREATION EXPECTED FROM SEPARATE FOCUS FOR PENFOLDS AND OTHER PREMIUM BRANDS
- INCREASINGLY OPTIMISTIC AROUND PROSPECTS FOR EARNINGS RECOVERY FROM H2 OF FISCAL '20 IN EACH OF CO'S MARKETS OUTSIDE OF CHINA
Source text https://bit.ly/3etk6yI
(([email protected];))
News: TWE Treasury Wine Estates Says Work In Relation To Potential Demerger Of Penfolds Paused
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