Owner of iconic Penfolds posts $1.1bn full-year loss
2 sources·Updated August 13, 2026
Covered by 2 sources
- The West Business·1h agoTreasury Wine Estates scraps dividend as it uncorks $1b-plus loss
Penfolds owner Treasury Wine Estates has tumbled to a $1.08 billion loss as boss Sam Fischer warns his turnaround strategy will take time, with little earnings growth expected in the new financial year.
Read at The West Business → - The West Lifestyle·3h agoOwner of iconic Penfolds posts $1.1bn full-year loss
Full-year profits of one of Australia’s iconic luxury wine brands have plummeted, but the result was not unexpected.
Read at The West Lifestyle →