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Treasury Wine’s China crackdown shows promise despite $1b loss
The country’s largest listed winemaker does not expect a turnaround until 2028, with performance at its flagship brand offset by poor sales in North America.
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afr.com
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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Treasury Wine’s China crackdown shows promise despite $1b loss
The country’s largest listed winemaker does not expect a turnaround until 2028, with performance at its flagship brand offset by poor sales in North America.
