It is not the first time this year that TWE has flagged problems in the US and China. At the start of December, the Frank Family Vineyards brand owner forecast an impairment on its US assets, amounting to at least A$687.4m (then $450m). In October, the Australian wine major also withdrew its fiscal 2026 earnings guidance due to an "uncertain outlook" for its Penfolds brand in China and Treasury Americas businesses. TWE, home to brands including Lindemans and Beringer, said today the company's new programme ...