Business
Plan to turn Penfolds into Gucci starts at home – The Australian Financial Review
Treasury Wine Estates wants to turn Penfolds into a global luxury brand. First it needs to win more customers at home.
Earnings before interest and tax dipped ever so slightly to $357.3 million, but that accounted for a whopping two-thirds of Treasurys total group profit. And most impressively, Penfolds EBIT margin grew from 45 per cent to 47 per cent.
That actually compares pretty nicely to Burberrys EBIT margin in 2020 of 17.8 per cent, the 23.9 per cent EBIT margin at Kering (which owns a swag of luxury brands including Gucci, Yves Saint Laurent and Balenciaga) and the 18.6 per cent margin at LVMH, owner of Louis…
-
Noosa News22 hours agoRallies under way as nationwide support for Palestine surges
-
Noosa News22 hours agoHusband charged after beloved Brisbane nurse Carra Luke allegedly stabbed to death in Taigum home
-
General21 hours agoTens of thousands protest in nationwide action against war in Gaza
-
Noosa News21 hours agoSkybound Gymnastics owner and coach Wei Jun Lee charged with sexual assault of teenager