Business
Why the Treasury Wine Estates (ASX:TWE) share price is down 7%
The Treasury Wine Estates Ltd (ASX: TWE) share price is currently down around 7% on news of a resignation of a key member of the management team, if it isn’t being influenced profit-taking by some investors.
According to reporting by the Australian Financial Review, the managing director of the Treasury Wine Europe, Middle East and Africa (EMEA) business has resigned and will be leaving in the next few months.
What’s going on with Treasury Wine?
The newspaper said that the cause of the resignation was the restructure that Treasury Wine Estates business is about to go through.
Michelle Brampton, the managing director in question, wasn’t chosen for any of the main three roles despite being in the business for around two…
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