Treasury Wine Estates has unveiled its most aggressive restructuring in years, announcing plans to cut its stable of 76 wine brands to fewer than 30 as it bets heavily on a small group of premium labels to weather a prolonged global wine downturn. Read More
DAOU
The Penfolds owner freezes its shares ahead of a crucial market update, following a A$687 million U.S. impairment and weakening demand in China.
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