date:Jul 12, 2023
Treasury Wine Estates (TWE) has announced changes to its Karadoc commercial winery in Victoria, Australia, meaning the site will close by mid-2024. TWEs wine brands will continue to be made locally, however.
The company says a number of factors led to the decision including a global decline in commercial wine consumption, rising costs and under-utilised capacity at the site.
Making the decision to close a site is something we take very seriously and is a last resort after weve looked at all ot