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AUS/US: Treasury Wine Estates to take US$145m hit on US stock clear-out

2013-07-15 12:37:24| Daily beverage news and comment - from just-drinks.com

Treasury Wine Estates (TWE) has announced plans to destroy its old and out-of-date stock in the US, which it estimates will result in a AUD160m (US$145.7m) hit to fiscal 2013 pre-tax profits.

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