Treasury Wine Estates (TWE) says it is dropping the value of its US business by a further $558 million in write-downs. This follows the $687 million of write-downs the wine maker made against the business unit in December 2025.
Indonesia’s sovereign wealth fund will take a 25 per cent stake in JBS’s Australian and New Zealand operations, with Danantara Investment Management paying $3.5 billion (US$2.5 billion) in equity under a joint venture that gives the world’s largest protein producer up to US$5 billion to fund regional expansion.
Robotic Automation has been acquired by Varley Group, in a move both companies say will strengthen their ability to invest in automation and support Australian manufacturing.
