42% of earnings from Asia, and I believe China is the majority of that.
Has TWE been forcing Chinese wine retailers to buy volume non Penfolds to get the hot Penfolds stock? Then do the retailers have to sell the volume non Penfolds wine on lower margin to clear it? Would that extra stock that has to be cleared take away market access from other wine brands? Is that dumping, or is it an unfair trade practice? If that is "proven" to be an unfair trade proactice, how much $ might TWE be up for to remain trading in China?
China's gov can do whatever they like within China, at least for quite a while, the legal system there is a kangaroo system when dealing with government interests. Maybe they will have a transparent enquiry?
TWE Price at posting:
$10.70 Sentiment: Sell Disclosure: Held
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