Hope this helps:
To put this in perspective, Treasury Wine will still have some sales in China, likely at the higher end customer base that is not price conscious. Its Penfolds branded baijiu sales will not be affected as this is not standard red wine. Morgans suggests over time Treasury Wine may even look to bottle and package bulk wine in China. Bulk wine is not subject to the tariff.
Hope this helps: To put this in perspective, Treasury Wine will...
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$7.57 |
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Mkt cap ! $6.154B | |||
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| TWE (ASX) Chart |