TWE Chief: “I Think We Do Have Too Many Brands”

We've reported that Treasury Wine Estates is attempting to get back on its feet after a rough year. One of the major moves was appointing former Kraft and Coca-Cola executive Michael Clarke as chief. In a call with investors earlier this evening Michael addressed some of the most pressing problems. "I know that, above all, the business needs to deliver on the promises it has made to the market. I'll also acknowledge that TWE failed to sustainably deliver on many of its commercial targets, nor has it unlocked the true value of its brands, assets and people," he said.

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