It’s all European reds over there. Nz sb does well but twe don’t sell much/ if any volume into the uk. Penfolds (~85% of twe gp) is an absolute power brand that sells itself in Asia. Other markets just not as keen as there are more established brands in those markets. I wouldn’t be surprised if they look to sell off American brands to gallo/ constellation as they keen to buy and know how to move stock in the US. 19 crimes has been the only thing that has worked in this market. twe have had some smart people go over to try to manage that region, but nothing seems to work. Time to off-load?
TWE Price at posting:
$11.97 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)