Penfolds owner in no rush to sell discount labels

핵심 요약

• Treasury Wine Estates has sold its Rosemount, Ingoldby and Secret Stone discount brands to the Oatley family. Chairman John Mullen said the company will not sell remaining brands such as Wolf Blass, Lindemans and Yellowglen for unrealistic amounts.
• He told shareholders at the annual meeting in Melbourne that the company is shifting its focus to luxury wines as demand for cheaper wine shrinks. Mr Mullen also said there are no plans for a separate listing of Penfolds on the ASX.
• Shares rose 1.2 per cent in early trade.