Australia’s largest wine producer, Treasury Wine Estates, will take a $A160 million hit as it attempts to address a glut of stock in the United States.
Treasury, which owns the Matua Valley, Penfolds, Wolf Blass and Rosemount labels, says it will destroy stock valued at more than $A35
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Nevil Gibson
Thu, 25 Jul 2013
Thu, 25 Jul 2013
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US wine glut costs Treasury $A160m
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