TWE puts Markaranka Vineyard in Australia on block

Treasury Wine Estates has hired advisors to enactment connected the imaginable merchantability of a vineyard successful South Australia.

The Penfolds shaper has appointed Colliers, which handles the merchantability of viticulture assets, to counsel connected the disposal to offload Markaranka Vineyard successful South Australia's Riverland region.

An Instagram station by Colliers describes Markaranka Vineyard arsenic "a premier River Murray holding with unmatched standard and flexibility".

According to Colliers, the assets comprise 1,298 hectares, with 157 hectares of "established vineyard plantings extended irrigation infrastructure and implicit 1,100 hectares of unutilised land".

The cause is inviting expressions of involvement with a deadline of 24 July.

Approached by Just Drinks, a spokesperson for Treasury Wine Estates (TWE) said the "sale process is underway".

According to the company's 2025 yearly report, it owns six wineries and 1 packaging installation successful Australia. The group's wines are chiefly produced
in South Australia and Victoria.

In May, TWE offloaded its Rouge Homme marque successful Australia to Redman Wines, which was the archetypal proprietor earlier the marque was acquired by Lindeman's successful 1965.

Last month, TWE said it had started a reappraisal of its concern successful the Americas, a determination that CEO Sam Fischer said could see "the merchantability of selected brands oregon assets".

TWE has felt unit connected its Americas concern successful caller quarters, particularly successful the US.

In February, the Daou Vineyards marque proprietor recorded a non-cash impairment complaint connected its US concern worthy A$987.6m (then US$699.5m) pre-tax.

The complaint came alongside a autumn half-year "EBITS" oregon net earlier interest, tax, self-generating and regenerating assets, positive "material items". The group's first-half EBITS stood astatine A$236.4m, down 40.3% connected a twelvemonth earlier. TWE pointed to "adverse class trends" successful the US and China for the diminution successful earnings.

The radical is besides targeting A$100m a twelvemonth successful outgo savings implicit the adjacent 3 fiscal years arsenic portion of a "transformation programme" Fischer laid retired successful December, which included a reappraisal of products and plans to chopped costs.

As good arsenic the reappraisal of TWE's Americas business, the institution is readying to trim the fig of brands successful its portfolio from 76 to little than 30.

"TWE puts Markaranka Vineyard successful Australia connected block" was primitively created and published by Just Drinks, a GlobalData owned brand.