$145 Million of Wine Down the Drain

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According to a report in The Wall Street Journal today by Mike Esterl and Ross Kelly, Treasury Wine Estates, Ltd., owner of major wine brands such as Beringer, experienced disappointing U.S. sales (to say the least) to the tune of a $145 million write-down for its fiscal year ending June 30th.

Check out the full article on WSJ.com here:

http://online.wsj.com/article/SB10001424127887324348504578607221851262206.html?mod=WSJ_hp_EditorsPicks