CompaniesRetailEarnings seasonAug 10, 2026 – 11.11amFollow our live coverage of the August 2026 ASX reporting seasonPenfolds owner Treasury Wine Estates has slashed the value of its United States wine business for the second time in nine months as it grapples with a slump in demand, with total writedowns ballooning to almost $1.25 billion.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In RetailFetching latest articlesMost Viewed In Companies
Treasury Wine Estates’ US writedowns soar above $1.2 billion
The Penfolds owner’s ill-fated US expansion has taken another hit, with the company writing down the value of the operation by a further $558 million.
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