The oft-used trope when talking about tariff wars is that nobody wins. Amidst the maelstrom of the current trade rows, however, we think we may have found a potential victor in Treasury Wine Estates. And, goodness knows, the group has paid its dues in recent years.Let us scene-set first and rewind to November 2020. Almost overnight, Treasury saw China, until then the company's main growth driver, disappear when the country's ministry of commerce (MOFCOM) implemented anti-dumping tariffs on wine imports from Australia, with immediate effect.For Treasury, the impact was not only swift but also
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- AB InBev
- Bacardi
- Campari Group
- Diageo
- Moët Hennessy
- Pernod Ricard
- Proximo Spirits
- Suntory Global Spirits
- William Grant & Sons
