Treasury Wine to push US brands in Asia

Treasury Wine to push US brands in Asia

Treasury Wine Estates has more than doubled its annual profit and is gearing up for a big push of its US brands into China. After more than doubling its annual profit, the company behind Penfolds and Wolf Blass is set for a big push of its US labels into Asia. Treasury Wine Estates shares hit a record high on Thursday as chief executive Michael Clarke unveiled a $179.4 million profit – up from $77.6 million, and outline the next step for the company’s expansion in the critical Asian marketplace.

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