Treasury’s premium clear out of Penfolds Grange

Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 23 & 28 : 30-Oct-14

Treasury Wine Estates MD Mike Clarke refutes claims that the company is providing retailers with discounts on its flagship Penfolds Grange. Some liquor store operators say they have been offered a rebate on the 2009 vintage of up to 30 per cent. Clarke says Treasury has increased its marketing support for retailers after the group opted to release the 2009 and 2010 vintages in the same calendar year

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, PENFOLDS WINES PTY LTD, WOOLWORTHS LIMITED – ASX WOW, DAN MURPHY’S

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