Treasury Wine Renews Consultancy Agreements
Treausry Wine Estates said it renewsed consultancy agreements with Leslie and Rich Frank the former owners of Frank Family Vineyards which TWE acquired in 2021. As is typical with acquisitions of privately held companies, TWE entered into consultancy agreements. The consultancy agreements expired in December 2025 and have now been
Treausry Wine Estates said it renewsed consultancy agreements with Leslie and Rich Frank the former owners of Frank Family Vineyards which TWE acquired in 2021. As is typical with acquisitions of privately held companies, TWE entered into consultancy agreements.
The consultancy agreements expired in December 2025 and have now been renewed for a further one-year period with no changes made to the terms, including:
• Ms Frank’s fee of USD$300,000 per annum for her consultancy services; and
• the receipt by Mr Frank of an allocation of TWE shares to the value of USD$100,000 per annum for his consultancy services.