Billionaire Goudet Stake in Treasury Wine Sparks Rally

Group 1 - Treasury Wine Estates Ltd.'s shares increased by approximately 7% in Sydney, marking the largest rise since September 2024, following the emergence of European billionaire Olivier Goudet as a shareholder [1][2] - Goudet, through his investment vehicle Platin SARL, acquired a 5% stake in Treasury Wine Estates, which has a market capitalization of about A$4.3 billion (approximately $2.8 billion) [2] - The investment comes after Treasury's shares fell to their lowest level in over a decade, driven by declining demand in key markets such as the US and China [4] Group 2 - Treasury Wine Estates has canceled a A$200 million stock buyback and is reviewing planned capital investments amid ongoing challenges [4] - The company announced asset sales and plans to implement A$100 million in annual cost reductions over the next two to three years under new CEO Sam Fischer [4] - Treasury has reported a near A$690 million write-down of its US business, highlighting the difficulties faced by the winemaker despite the involvement of a high-profile investor [5]