💰 Australias Treasury Wine Takes $394 Million Charge
Published by OOPSONLINE.IN · Source: Reuters · 1 min read · · Updated
What actually happened
Australia's Treasury Wine Estates said on Monday it would overhaul its U.S. business by fallowing vineyards, impairing brands and writing down inventory, resulting in a post-tax charge of A$558.4 million ($394.4 million).
Key points
- Australia's Treasury Wine Estates said on Monday it would overhaul its U.
- business by fallowing vineyards, impairing brands and writing down inventory, resulting in a post-tax charge of A$558.
Summary based on data provided by Reuters. Full article available at the original publisher.
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- #australia
- #treasury