China growth just the start says Treasury Wine Estates

China growth just the start says Treasury Wine Estates

Six months ago Treasury Wine Estates had barely made a sale into Chinese supermarket chain, Yonghui. Now the maker of Penfold’s, Wolf Blass and Wynns counts the Fuzhou-based retailer as its largest single customer on the mainland.
Such examples made China the stand-out performer in TWE’s full year results on Wednesday, as volumes in Greater China rose 36 per cent and profits across the region were up 52 per cent.

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