Reuters reports that Australia’s Treasury Wine Estates has suspended its interim dividend after a A$770.5 million impairment on its US assets helped drive a statutory loss of A$649.4 million for the half year ended December 2025, with revenue down 17 per cent and operating income down 40 per cent as demand softened in China and the US. The company said it is pushing ahead with a plan to cut around A$100 million of annual costs over the next two to three years, tightening shipments into China to curb parallel imports, and prioritising debt reduction before any return to dividends.
Finance
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Vina Concha y Toro is Acquiring Maison Mirabeau
Vina Concha y Toro has announced, subject to regulatory approval, it is acquiring a majority stake in Maison Mirabeau to build a stronger premium rosé and on-trade presence globally, combining shared B-Corp values, complementary strengths and expanded distribution, while retaining the founders and existing management to drive future growth and sustainability ambitions.