![](https://www.just-drinks.com/wp-content/uploads/sites/29/2022/08/Treasury-Wine-Estates-Penfolds.png)
Australian wine giant Treasury Wine Estates has confirmed it is looking to divest assets amid a challenging market for entry-level wines.
“With changing consumer preferences and a tightening economic environment in most major markets, we’re taking the opportunity to make changes in our business now, so we have increased flexibility in the future” – Treasury Wine Estates CEO Tim Ford.
Australian wine giant Treasury Wine Estates has confirmed it is looking to divest assets amid a challenging market for entry-level wines.