Key US wine sales decline for Treasury

Australia’s second-largest wine company, Treasury Wine Estates, has failed to arrest declining sales in its biggest market, the United States. In the 13 weeks to December 10, the amount of wine Treasury sold fell 5 per cent and the value of sales declined 6 per cent, according to The Australian Financial Review. It was a performance that lagged the broader market as revenues fell heavily from its big-selling American wine labels and its imported Australian brands such as Rosemount.