Business

Penfolds Billionaire Backer Sees Comeback for Luxury Wine Maker

26 Feb 2026

French billionaire Olivier Goudet says he is backing Treasury Wine Estates Ltd. for the long haul, betting on resilient global demand for high-end wine to revive the beleaguered Penfolds maker.

Originally published by www.bloomberg.com at 2026-02-26 04:44:26

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