Treasury Wine Estates to book $395 million charge as it rebalances US supply chain
09/08/2026 23:58
Treasury Wine Estates to book $395 million charge as it rebalances US supply chain Aug 10 (Reuters) - Australia's Treasury Wine Estates TWE.AX said on Monday it expects to take an additional A$558.4 million ($394.51 million) post-tax charge in 2026 related to the write-down of U.S.-based assets and brands.
The Melbourne-based company said it would also write down inventory, predominantly bulk wine, which it expects to manage through sales into bulk wine markets and internal reclassification.
($1 = 1.4154 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Chris Reese)
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