WINES

Foley Wines Cuts Mt Difficulty Export Targets Amid Market Downturn

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Foley Wines secured regulatory approval to scale back operations and export targets at its Mt Difficulty winery in Central Otago due to post-pandemic market downturns, according to regulatory documents released by Land Information New Zealand (LINZ). The company, majority-owned by American businessman William Foley, cited a 20% drop in international tourism, high operating costs, and … Read more

Treasury Wine Takes $395M Charge to Overhaul US Supply Chain

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Treasury Wine Estates Faces A$558.4 Million Charge Amid U.S. Operational Pivot Treasury Wine Estates (TWE.AX) expects to record an additional A$558.4 million ($394.5 million) post-tax charge in 2026, stemming from a strategic review of its Americas business. According to Reuters, this write-down targets U.S.-based assets and brands, following a June announcement that identified excess supply-chain … Read more

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