Penfolds To Stay In Treasury Wine Estates Fold, Says CEO David Dearle

Not too long ago, Treasury Wine Estates(TSRYY) was a subsidiary of Fosters(FGL.AX).  Since its own spin, it has been dogged by discussions that it should spin its profitable Penfolds business off as a separate firm. Though Treasury doesn’t break out numbers Speculation about a spin-off was given a boost last week when Macquarie analyst Greg Dring published a… Read More »