Penfolds maker’s profits set to plunge on China, US weakness

Penfolds owner's earnings sour on China 'grey' wine woe

Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to...

Penfolds maker’s profits set to plunge on China, US weakness

Australia’s biggest winemaker, Treasury Wines, is grappling with major issues in two of its most important markets.

Penfolds owner shares plunge on earnings downgrade

Shares in Penfolds owner Treasury Wine Estates plunged in early trading after it pointed to a fall in first half earnings due to issues in China and the US.

Treasury cost savings, asset sales as China, US sale tumble

Treasury Wine Estates has announced a company-wide overhaul — including asset sales and cost cuts — as the Penfolds producer tackles weakening demand in its key markets.

Treasury Wine slashes shipments to protect lucrative Penfolds brand

The country’s largest winemaker told investors sales were running far lower than previously expected, and it would have to cut at least $100 million in costs.

Treasury Wine Shares Fall 17% After Flagging US, China Slowdown

Treasury Wine Estates Ltd.’s stock fell to the lowest in more than a decade after the company announced an overhaul including asset sales and cost cuts, as it tackles flagging demand in key markets.