Sentences with phrase «heavy writedowns»
The shares rose as high as $ 6.47 in mid-May 2013, before its troubles began with an oversupply of commercial wine in the United States, triggering heavy writedowns and a profit downgrade which claimed the scalp of former chief executive David Dearie.
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The new offer for the maker of Penfolds, Wolf Blass, Lindemans, Rosemount and Wynns, continues the rollercoaster ride for Treasury, which has suffered a string of heavy writedowns mainly linked to its underperforming United States wine operations.