Billionaire Goudet Buys Stake in Treasury Wine

A rich businessman named Olivier Goudet bought a big piece of a company called Treasury Wine Estates.

This company makes and sells wine, like the famous Penfolds brand.

Goudet's investment made the company's stock go up by about 7%.

Treasury Wine has been having a tough time lately because people aren't buying as much wine in important places like the US and China.

The company is trying to save money by selling some things and cutting costs.

Goudet is known for investing in other big brands like Dr Pepper and Krispy Kreme.

This investment might help Treasury Wine do better in the future.