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Treasury Wine Estates profits slump amid US write-off
By Dominic Bernard2026-08-13T08:52:00
The group’s overhaul of its US business – including the closure of vineyards and brands, and the disposal of inventory – made up the greatest part of the write-offs
Treasury Wine Estates’ strategic reset has knocked the group to a A$1.1bn (£564m) loss, after the group wrote off A$1.3bn from its balance sheet.
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