Tuesday, July 16, 2013

Aussie Ouch!

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.

1 comment:

  1. 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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