Savings

Treasury Wine Estates targets $100 million savings, axes brands in major restructuring push

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Treasury Wine Estates targets $100 million savings, axes brands in major restructuring push

When a wine group moves from growth talk to brand culling and supply chain review, the signal is clear: the easy money has gone. Treasury Wine Estates is now targeting $100 million in annual savings, and that tells me management sees the business as too broad for the market it faces. The immediate impact lands … Read more

Endeavour Group to Sell Wineries as $300m Savings Push Reshapes Business Strategy

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Endeavour Group to Sell Wineries as $300m Savings Push Reshapes Business Strategy

A liquor retailer selling wine assets is rarely just a tidy-up exercise. In this case, the signal is sharper: margin pressure has forced a simpler, harder-nosed model around price, hotels and cost control. Endeavour Group has told investors it plans to exit the majority of its existing winery and vineyard portfolio as part of a … Read more