Interview: Treasury Wine Estates CEO Tim Ford on Penfolds, China & selling brands

Yesterday Treasury Wine Estates announced a big drop in its full-year profit, largely due to write-downs on a number of its cheaper brands.Andrew Geoghegan from Ausbiz speaks with Tim Ford, Chief Executive of Treasury Wine Estates about the results, selling off the cheaper brands, and re-establishing Penfolds within the Chinese market. Ausbiz is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups. Sign up at ausbiz.com.au - it's free.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.