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Treasury Wine announces $395 million charge tied to US supply chain revamp
2 outlets - including Bloomberg and Investing - are covering this story. Australia vintner Treasury Wine Estates Ltd. has flagged a A$558.4 million ($395 million) post-tax writedown ahead of its full year earnings on Thursday, as part of a broader effort to tackle supply chain problems in its US market.
Covered by 2 outlets
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Bloomberg Markets
·2h ago
Treasury Wine Flags $395 Million Writedown Over Excess US Supply
Australia vintner Treasury Wine Estates Ltd. has flagged a A$558.4 million ($395 million) post-tax writedown ahead of its full year earnings on Thursday, as part of a broader effort to tackle supply chain problems in its US market.
Investing.com News
·2h ago