Treasury forecasts ‘big’ growth in wine sales to China

Original article by Angus Grigg
The Australian Financial Review – Page: 15 & 20 : 23-Jun-15

Treasury Wine Estates is upbeat about its prospects in the Chinese market. Robert Foye, the group’s MD for Asia, expects China to be Treasury’s third-biggest source of profits and revenue within five years. He believes that Treasury’s annual sales in Asia could potentially grow by 15-20 per cent over this period. Treasury is also likely to benefit from the Australia-China free trade agreement.

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, WOLF BLASS WINES PTY LTD, PENFOLDS WINES PTY LTD

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