Treasury Wine Estates eyes ‘big’ growth in China

Treasury Wine Estates has turned around its China business and is targeting annual sales growth approaching 20 per cent over the next five years, helped by the recently signed free trade agreement and declining sales of Chinese-made wine. In an interview with The Australian Financial Review, the company’s new managing director for Asia, Robert Foye, described the growth in China as “big” and said the turnaround had been faster than expected.