TWE News: UPDATE 2-Treasury Wine shares surge as ex-China growth begins to pay off - 16th Feb 2022, 8:48am

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By Tejaswi Marthi

Feb 16 (Reuters) - Treasury Wine Estates said on Wednesday its operating earnings outside mainland China jumped 28%, underpinned by growth in its luxury and premium brands, sending shares of the world's largest standalone winemaker nearly 12% higher.

Treasury has had to re-direct supply to the United States, Europe and domestically after a diplomatic row between Canberra and Beijing effectively closed the lucrative Chines...

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