Penfolds owner Treasury Wine Estates faces ‘elevated risk’ of bankruptcy, short seller says
The owner of the iconic Penfolds wine is facing “elevated risk” of bankruptcy after it posted an eye-watering $650 million loss and questions grow over its controversial $1.3 billion bet on a luxury California vineyard. Plato Global Alpha Fund, a $3.4 billion Sydney-based investment manager, this week warned the embattled Treasury Wine Estates (TWE) could…

