Treasury Wine Estates

Treasury Wine Estates eyes cuts amid US, China woes

amefika6 months ago03 mins

Treasury Wine Estates’ newly installed chief executive Sam Fischer is bringing in a “transformation programme” that will include a product review and cost cuts at the major Australian wine company. Shares in Treasury Wine Estates (TWE) today (December 17) sank to their lowest level in a decade following the Penfolds maker’s upgrade, which included canceling…

Treasury Wine shares fall to decade low as headaches mount in China, US

amefika8 months ago02 mins

By Christine Chen and Shivangi Lahiri SYDNEY (Reuters) – Australia’s Treasury Wine Estates on Monday withdrew its 2026 profit forecast and halted a A$200 million ($130 million) share buyback, citing weak sales of its flagship Penfolds wines in China and distribution challenges in the U.S. The announcement sent shares in Treasury, one of the world’s…