April 8 (Reuters) - Treasury Wine Estates Ltd (TWE) will consider de-merging its Penfolds wine business into a separate listed company and look at ways to down-size its commercial wine business, especially in the United States, it said on Wednesday.
The announcement from the Melbourne-based company comes as it grapples with a hit to demand amid the ongoing coronavirus pandemic and also ties into a review of its U.S. operations it announced in January.
News: TWE Treasury Wine mulls Penfolds demerger, to scale back commercial wine business
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