Treasury Wine flags possible U.S. exit after US$395 million impairments

Treasury Wine Estates said it could consider leaving the U.S. after announcing almost US$395 million in fresh impairments, as weaker appetite from consumers globally weighed on the business. The Australian producer said it is continuing a strategic review of its U.S. operations, where it had already begun streamlining California assets built up through a US$1.3 billion acquisition spree between 2021 and 2023. Treasury Wine Estates shares were up 5.52%.

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Treasury Wine flags possible U.S. exit after US$395 million impairments - CoinPost Terminal