Southern works with TWE in 18 markets

Southern works with TWE in 18 markets

Southern Wine & Spirits of America and Treasury Wine Estates (TWE) have extended their US distribution partnership to Colorado and Indiana.

The new agreements, effective from today (1 March), bring the number of US markets Southern and TWE cooperate in to 18, the two companies said yesterday. They announced deals covering Washington and Oregon in July, and Montana, Utah and Wyoming in May, the companies said.

“With these most recent appointments, Southern now proudly handles a significant portion of TWE’s national volume,” Brad Vassar, Southern’s executive VP & GM, said.

In first half results, announced yesterday, TWE posted a fall in net profits and sales. However, its share price rose markedly following the results.