Penfolds booth at CIIE 2024

Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China - its two largest markets - and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies.

Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China – its two largest markets – and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies.

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