The sale transfers Seppelt, its Great Western winery and Drumborg vineyard to Victorian ownership as Treasury Wine Estates reduces its brand portfolio.
The Penfolds owner will reduce vineyard production, write down US inventory and review its Americas portfolio as it seeks to improve future returns.
The restructuring will prioritize premium wine brands, streamline U.S. operations and strengthen Treasury Wine Estates’ position in key global markets.
Treasury Wine Estates has sold Rouge Homme back to its founding Redman family, marking a historic return of the Coonawarra wine label after decades of corporate ownership.
Tate & Lyle reports higher revenue and profit growth for FY2026 despite softer demand, while outlining cautious outlook and ongoing integration of CP Kelco.