Penfolds China Boom Cushions TWEs US$375 Million U.S. Writedown

The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More The post Penfolds’ China Boom Cushions TWE’s US$375 Million U.S. Writedown appeared first on Vino Joy News.