Vineyards top of Treasury's list TREASURY WINE ESTATES is on the acquisition trail for luxury vineyards to fill its stable of premium wines, as it chases better investment returns.
As part of an analyst conference yesterday, Treasury mapped out its objectives, which will see the former wine arm of Foster's focus on luxury wines and other wines priced at the upper end of the market, which it calls ''masstige''.
This will include buying vineyards if they become available.
The plans form part of an strategy called ''project uplift'' and covers the company's portfolio of brands as well as supply arrangements and sourcing.
Analysts were also told that the fundamentals of the wine category remained strong with global supply heading towards balance. This year's Australian vintage was favourably influenced by the weather, driving strong uplift in luxury and masstige wine volumes from 2014.
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