Business
Two years of pain for Treasury Wine on China hit – The Australian Financial Review
A final tariff ruling of 175 per cent imposed by China on the Penfolds owner won’t alter its reallocation plans.
Penfolds is the flagship brand of Treasury Wine Estates. Justin McManus
TWE is executing a detailed response plan to maintain the long-term strength of its business model and brands, with benefits expected to reach their full potential over a two to three year period, the company said.
The final combined tariff of 175.6 per cent would not alter any of those plans.
Treasury Wine chief executive Tim Ford warned last month the company was expecting minimal profits in the six months ended June 30…
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