TWE has been the subject of much speculation around potential buyers

TWE has been the subject of much speculation around potential buyers

Luxury goods firm LVMH is the latest company to be linked to a possible bid for Treasury Wine Estates (TWE).

The Australian Financial Review has reported that the French group is eyeing a full offer for the troubled wine firm, or a bid for TWE's Penfolds brand as part of a consortium. It comes as TWE's CEO announced today (25 June) more details of plans to restructure the struggling business

A spokesperson for Moet Hennessy, the wine and spirits division of LVMH, declined to comment when contacted by just-drinks.  

The report also suggests Constellation Brands could bid for TWE in a consortium with a US buy-out firm. Last month, the Australian company denied it was talks to sell its US arm to Constellation.

Pernod Ricard has also been linked to a possible bid for the company's US business, but again the firm denied the rumours.

Last month, TWE rejected a US$2.85bn takeover offer from private equity firm Kohlberg Kravis Roberts & Co. At the time a statement from the firm said: "The board of TWE remains focused on maximising shareholder value and will carefully consider any future proposal that is consistent with this objective."

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