Treasury Wine Estates is an Australian-based worldwide winemaking and distribution company.
Image: company website
It is headquartered in Southbank, Victoria, and until a demerger in May 2011 was the wine division of universal brewing organization Foster's Group. TWE was established in Penfolds, Adelaide, in the mid-1840s, and in 1995 Foster acquired the group in order to become one of the biggest wine makers of the world.
However, the division was constantly both a poor performing business and frequently loss making on the very beneficial blending business. After Foster's CEO’s resignation in 2008 and complete turnaround of the company in 2011, the organization had recorded exponential gains in the estimation of the wines division.
The company owns more than 9,000 hectares of vineyards in Australia and New Zealand from where it sources quality grapes which are used to produce the finest wine by employing the industries best talents. The facilities are located in South Australia, New South Wales, Victoria, Marlborough (New Zealand) and the North & Central coast of California (US). The company caters to all segments of consumers by brands like Penfolds, Lindeman and 19 Crimes catering to luxury, middle segment and young customer segments respectively by means of a magnificent route-to-market model and capitalizing on the regional opportunities.
Currently, the company employs more than 3500 people and sells more than 30 million cases of wine in its category of 70 brands. It has businesses in more than 70 countries spread across four regions i.e. Australia and New Zealand, Americas, Asia and Europe. It is also highly committed towards serving the local communities and is actively involved in CSR programs supporting causes like Responsible consumption, sustainable sourcing and community engagement initiatives.