Treasury Wine boss lashes retailers

 In Australia, NewZealand, Woolworths
Treasury Wine Estates chief executive Mike Clarke has lashed disgruntled independent retailers upset about recent deals the nation’s biggest winemaker has cut with Woolworths.
In a stern defence of the winemaker’s strategy, Mr Clarke said the company was offering fair terms to all of its retail customers and, in a sign his turnaround plan was beginning to gain traction, trading so far this financial year had been strong.
Some independent retailers are furious with Treasury for allowing Woolworths – the nation’s biggest liquor retailer – to participate in a wine fridge promotion in July, which they blame for stealing customers. They are also angry at a recent decision by Treasury, which makes Penfolds, Wolf Blass and Rosemount, to craft an exclusive label for Woolworths under its popular Pepperjack brand.  Sydney Morning Herald – Read more…

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