Reported about 2 months ago
Treasury Wine Estates Ltd. has highlighted a significant demand for luxury wines in Asia and the US, prompting plans for further restructuring following a strategic review. The majority of its earnings now come from high-end brands, with plans to merge its Treasury Premium Brands with Treasury Americas Premium by mid-2025. Despite economic challenges and changing consumer habits, luxury alcohol demand remains robust, particularly in markets like Hong Kong, Thailand, Taiwan, the US, and China.
Source: YAHOO