Australia’s Treasury Wine Drops Planned Sale of Cheaper Brands, Cuts Profit Guidance: Penfolds wine producer Treasury Wine Estates (TWE.AX), pulled the sale of its cheap drinks division after failing to find an attractive offer and cut its prediction for annual profit, sending its shares tumbling…
Afternoon Brief, June 6
The Logic in Henkell Freixenet’s Interest in Pommery – And Why It Could Presage More Wine M&A: Maison Pommery & Associés is an attractive target for Henkell Freixenet – and a deal may not be the only big corporate move in wine on the horizon…

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