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Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. The wine producer has been resetting its strategy in an attempt to diversify outside of China, which used to contribute a third of its profits, after Beijing imposed tariffs on Australian wine in 2021 when Canberra called for an inquiry into the origins of COVID-19. The winemaker's combined premium and luxury portfolios delivered double-digit gross profit growth in fiscal 2023, according to its annual report. Including cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury owning DAOU. Treasury said it would also issue A$157 million of new shares to the existing owners of DAOU.
Persons: David Gray, Penfolds Grange, Frank Family, Phillip Kimber, Roushni Nair, Shailesh Kuber, Krishna Chandra Eluri, Jamie Freed Organizations: Australia's Treasury Wine Estates, REUTERS, China Deal, Wine Estates, Treasury, P Capital, Thomson Locations: Australian, Sydney, Australia, China, Beijing, Canberra, Americas, Bengaluru
Work on “A Small Light” began six years ago, after its showrunners Joan Rater and Tony Phelan, a married couple who used to be producers and screenwriters for “Grey’s Anatomy,” visited the Anne Frank House in Amsterdam. Walking around the museum and listening to tour guides, they learned that many people don’t really know the story of the Frank family anymore, let alone the story of the people who helped them, Rater and Phelan said in a recent video interview. Since then, they said, the moral question at the heart of Gies’s story — whether to do the right thing, the wrong thing or nothing at all — has only become more important, given how war, nationalism and antisemitism have once again been spreading across Europe. She finds employment with Otto Frank (Liev Schreiber) — a stern, fellow German-speaking immigrant — and meets her future husband, a social worker. Much of the first episode follows Gies living life as a modern young woman, meeting friends and going out dancing.
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