Investors reacted positively to Treasury Wine Estates’ plan to “rebalance” its US supply chain aimed at “accelerating the improvement of future returns”.
Shares in the Penfolds brand owner closed up more than 4% today (10 August), despite new write-downs related to its US operations.
Investors reacted positively to Treasury Wine Estates’ plan to “rebalance” its US supply chain aimed at “accelerating the improvement of future returns”.