Treasury Wine Estates

Australia’s biggest wine group in terms of revenue, and second-biggest (after accolade) in terms of wine production and grape crush. Treasury is a public listed company created in 2011 when Foster’s separated its wine interests from its brewing business. Its brands include some of Australia’s most prestigious, including penfolds, Wolf Blass, Wynns Coonawarra Estate, Seppelt, Coldstream Hills, Devil’s Lair, St Huberts, Heemskerk, and Saltram. Others include Annie’s Lane, Ingoldby, Jamiesons Run, Leo Buring, Lindemans, Rosemount Estate, T’Gallant, Tollana, and Yellowglen. It also owns Matua in New Zealand and many California brands of which the best known is Beringer, acquired in 2001 when Foster’s set up Beringer Blass, the first Australo-American wine group. In 2013 the company wrote off US$35 million worth of wine in response to sluggish sales in the US. Bottling facilities in Australia and the UK are shared with rivals accolade.