Treasury Wine Estates

The country’s biggest winemaker is making a fair fist of growing its luxury wine brand Penfolds, aided, in no small part, by China’s decision to lift tariffs. It now needs to sell its low-cost brands – quickly.

Demand for minerals needed for decarbonisation and the lower Australian dollar are driving increased M&A activity in Australia, and analysts say the trend is likely to pick up, with the availability of well-valued stocks adding appeal for would-be buyers.

It’s enough to make one feel old – old enough to remember when Foster’s Group spun off its wine business, in the form of Treasury Wine Estates, in May 2011, only four months before Foster’s itself disappeared from the Australian share market, taken over by Anglo-South African brewer SABMiller, which became AB InBev in 2016….