BofA/Merrill Lynch’s Love Affair With Treasury Australia

October 31, 2013

While Bank of America/Merrill Lynch can’t wait to see Beringer vanish beyond the distant horizon of a planet in another solar system, the Australian operation has found favor at the center of the banker’s heart. (See related article: BofA Throws Beringer Under Bus, Urges Treasury To Divest ASAP No Global Wine Shortages: The Real Data […]

The Coup d’Etat At Treasury Wine, Foley Shops A Portfolio Winery, Truett-Hurst’s Margin Magic

October 4, 2013

TREASURY WINE INTRIGUE Investment and brokerage sources tell Wine Executive News that David Dearie’s ouster came as a result of an “institutional investor coup d’etat” over Dearie’s refusal to unload TWE’s US operation following the company’s $147 million, old-plonk, U.S. train wreck. “They [investors] never really got over the $300 million write-down the company had […]