Penfolds, Beringer, and Lindeman's are about to destroy up to two million cases of old wines held in the US because they can't sell them. Their owner, Treasury Wine Estates, saw a sharp dip in its stock price as a result of this news. Wow.
The article is here.
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Seriously? You'd think getting any money for wine would be better than nothing. It's obscene to dump it out. They could at least donate to a charity auction
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