Investors reacted positively to Treasury Wine Estates plan to “rebalance” its US supply chain aimed at “accelerating the improvement of future returns”.
France approves further wine stock destruction as consumption wanes
The initial EU fund of €160m ($172m) has been topped by France’s Ministry of Agriculture to €200m. Paris estimates 4.4m hectoliters of wine will be destroyed.
Conor Reynolds August 29 2023


