Treasury Wine Estates auctions surplus equipment from Australian wineries, shifting focus to premium brands.
Treasury Wine Estates is auctioning over 300 lots of surplus winery equipment, such as tractors and pumps, from its Australian holdings. This follows the company's decision to sell more affordable wine brands like Wolf Blass and Lindeman's to focus on premium brands like Penfolds due to a growing consumer preference for higher-quality wines. The auction begins Tuesday and includes items from wineries across Australia.
4 months ago
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