Treasury Wine Estates named Drinks Company of the Year in The Drinks Business Asian Awards 2018
Australian wine company Treasury Wine Estates has been named Drinks Company of the Year in The Drinks Business Asian Awards 2018. The Drinks Business is widely regarded as the leading international publication for the global beer, wine, and spirits industries. Established in 2001, it regularly contributes content to major publications like Time Magazine and The Huffington Post. As a result, its international awards are a keen indicator of what companies are doing right: and Treasury Wine Estates (TWE) will be pleased to see its focus on Asia hasn’t gone unnoticed.
For full year 2018, TWE saw a 23% increase in Net Sales Revenue per case thanks to its Premiumisation strategy
Source: Treasury Wine Estates full year earnings presentation to investors
In the press release, The Drinks Business said: “Treasury Wine Estates, proved once again why it has become one of the leading wine companies in the world, with enviable success in overseas markets particularly in Asia. The judges praised the company for its robust sales growth, product development, vast market penetration, continuous efforts to build and protect its brands, as well as corporate responsibility, especially its efforts to encourage women’s roles in the work space through a ‘She Leads’ initiative.”
While issues at the Chinese border have made a mark on TWE’s share price this year, there’s no doubt that 2018 was a positive one for the company overall. With a raft of innovative new brands hitting shelves, and double-digit growth appearing, over the last 12 months, the company is poised to expand further in fiscal 2019. And, much like the year just gone, Asia looks to be the engine of growth all over again.
Dominion holds Treasury Wine Estates in its Global Trends Luxury Fund.
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