Yesterday Treasury Wine Estates announced a big drop in its full-year profit, largely due to write-downs on a number of its cheaper brands.

Andrew Geoghegan from Ausbiz speaks with Tim Ford, Chief Executive of Treasury Wine Estates about the results, selling off the cheaper brands, and re-establishing Penfolds within the Chinese market.

Ausbiz is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups. Sign up at ausbiz.com.au - it's free.

Yesterday Treasury Wine Estates announced a big drop in its full-year profit, largely due to write-downs on a number of its cheaper brands. Andrew Geoghegan from Ausbiz speaks with Tim Ford, Chief Executive of Treasury Wine Estates about the results, selling off the cheaper brands, and re-establishing Penfolds within the Chinese market.
Ausbiz is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups. Sign up at <a href="https://www.google.com/url?q=http://ausbiz.com.au/&amp;sa=D&amp;source=calendar&amp;ust=1724156002324391&amp;usg=AOvVaw1B7rExUrW69KlwHKJq-RN1">ausbiz.com.au</a> - it's free.

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

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FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

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