Business
Australia’s largest listed winemaker Treasury Wine Estates has staved off the global coronavirus pandemic and crippling Chinese tariffs to report a $250 million net profit for the 2020-21 financial year.
News
Treasury Wine Estates has reached a deal to sell several of its US wine brands to an industry giant as it kicks off plans to split the company into three.
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Treasury Wine Estates has reported a 24 per cent fall in net profit after tax to $175.3 million for the first half of the financial year, citing ongoing impacts of the coronavirus and Chines tariffs for the result.
Australia’s largest listed wine company Treasury Wine Estates has unveiled its plan to reduce the impact of harsh Chinese tariffs as its share price continues to slide.
China has announced an anti-dumping investigation into Australian wine, a move which today smashed the share price of Penfolds owner Treasury Wine Estates and could potentially deal a savage blow to the state’s massive wine industry.
Treasury Wine Estates is considering a plan to split off its flagship Penfolds brand into a separate company by the end of 2021.
