Treasury Wine mulls Penfolds demerger

Breaking: Treasury Wine Estates will consider demerging its Penfolds wine business into a separate listed company and look at ways to down-size its commercial wine business

Treasury Wine Estates will consider demerging its Penfolds wine business into a separate listed company and look at ways to down-size its commercial wine business, especially in the United States, it said on

Wednesday.The announcement from the Melbourne-based company comes as it grapples with a hit to demand amid the ongoing coronavirus pandemic and also ties into a review of its US operations it announced in January.More to come

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