Treasury Wine Estates will take a $558.4 million charge over weaker U.S. wine demand.

Treasury Wine Estates has announced a $558.4 million charge as a result of weaker demand in the US wine market. The charge reflects struggling sales across one of the world's largest wine portfolios, including well-known brands like Penfolds and Beaulieu Vineyard. The news signals broader softness in US wine consumption that's likely to ripple through global supply chains and pricing strategies.