Who owns hardys wine

He said the final scope of the project was yet to be determined, but it is anticipated it "may result in the transfer of some roles to external service providers". Carlyle also bought out the 20 per cent stake owned by US liquor company Constellation Wines. It has been moving aggressively to lift investment returns and has also just hired Treasury Wines' top China executive, Peter Dixon, as part of a strategy to increase sales to China. Mr Dixon had been the managing director of Asia and global travel retail for Treasury.

China is the growth engine for Treasury and robust profit growth in that region has been a big driver of a four-fold rise in the Treasury share price since A rising Australian dollar crimped profits from exports under Constellation's ownership, before it agreed to sell to CHAMP for a fraction of the price it paid at the top of the market.

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