finance.yahoo.com / Yahoo! Finance
npub1vap…wc3n
2025-02-14 11:20:46
Author Public Key
npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nSeen on
wss://relay.nostr.bandPublished at
2025-02-14 11:20:46Event JSON
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"Treasury Wine Estates, the company behind the prestigious Penfolds brand, has admitted defeat in its plan to divest its commercial portfolio, which includes Wolf Blass and Blossom Hill. The company had planned to pivot towards costlier, higher-margin brands, but weaker sales of its cheaper products have forced it to moderate its annual earnings guidance. The company had previously acquired Frank Family Vineyards and Daou Vineyards in deals worth US$1.31 billion combined."
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