TWE says wine sector still ‘challenging’

Treasury Wine Estates (TWE) says trading conditions remain challenging but that the company is well placed for growth, reports AAP. TWE’s brands include Penfolds, Wynns, Seppelt, Saltram, Coldstream Hills, Matua Valley, Beringer and Chateau St Jean. “The fundamental, long-term trends underpinning demand in our industry are robust,” TWE chairman Max Ould told shareholders at the company’s annual general meeting in Sydney on Tuesday. “While trading conditions remain challenging, the board is confident that Treasury Wine Estates is very well positioned for growth.”