Embattled Penfolds owner Treasury Wine Estates has slashed the value of its troubled US supply chain again as it grapples with declining wine consumption, with total writedowns soaring past $1.2 billion.
Published: Thu 23 Jul 2026 at 10:09amThu 23 Jul 2026 at 10:09am/Source: ABC Midwest & Wheatbelt/Topic: History
Where would you holiday if you won?
Guo Wengui convinced hundreds of thousands of people to invest more than $US1 billion but instead spent their money on a lavish lifestyle that included a superyacht and a New York penthouse.
