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. Read More
luxury wine
Treasury Wine Estates has warned of a slowdown in stock depletion in China since June, as tighter alcohol restrictions and changing drinking habits dent sales momentum in its biggest Asian market. Read More
Despite ongoing Ukraine war and economic sanctions, Russia has seen a surprising uptick in its wine imports, defying the harsh economic realities imposed by the European Union’s sanctions regime. Read More