TWE Open to US Acquisitions

To say it's been a challenging year for Treasury Wine Estates would be a vast understatement, but during the company's full fiscal year results last night, chief Mike Clarke said he is "pretty pleased" with how the North American team has handled itself since he took the reigns. In fact, he said there's a possibility it could acquire some US assets -- but we'll get to that in a bit. For the year to June 21, TWE's total wine sales in the Americas were down 2.3%, per Nielsen data, but if we separate out all of the wines under $4, sales were up 4%.

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