July 5 (Reuters) - Australia's Treasury Wine Estates (TWE) said on Wednesday it would be closing its commercial winery, Karadoc, in north-west Victoria by mid-2024, hit by falling consumption levels and rising input costs.
The wine company added that it further planned to divest its commercial vineyards in Lake Cullulleraine and Yankabilly.
News: TWE Treasury Wine Estates to close commercial winery Karadoc by mid-2024
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