Australia's Treasury Wine takes $394 million charge to revamp US business; shares climb

Australia's Treasury Wine Estates said on Monday it would ‌overhaul its U.S. business by fallowing vineyards, impairing brands and writing down inventory, resulting in a post-tax charge of A$558.4 million ($394.4 million).

Source: Reuters

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Category General

Source Reuters

Published 1 month ago

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News ID #4,568

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