This 1997 ad shows how Penfold’s red wines have gone up in price over the last two decades

This 1997 ad shows how Penfold’s red wines have gone up in price over the last two decades

Treasury Wine Estates has gone from problem to golden child in just two years since Michael Clarke took over as CEO. The company, which owns some of Australia’s most famous brands, including Penfolds, Wolf Blass, Rosemount and Lindeman’s, announced that its profit had more than doubled, sending the share price up around 11% too.

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