Macro Finance
Treasury Wine Flags $395 Million Writedown Over Excess US Supply
Bloomberg Markets·August 9, 2026·1 min read
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. The writedown reflects excess supply and underscores challenges in the company's key overseas operations.
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