Australian wine giant Treasury Wine Estates (TWE) is expecting to book an impairment charge on its US-based assets amounting to at least A$687.4m ($450m).
The Daou brand owner has decided to put in place "more conservative long-term market growth assumptions" due "to further moderation in US wine category trends".
Australian wine giant Treasury Wine Estates (TWE) is expecting to book an impairment charge on its US-based assets amounting to at least A$687.4m ($450m).