Treasury Wine Estates chief executive Michael Clarke is worried the company could be caught up in the ongoing US-Chinese trade tensions.
Increased demand for luxury wine has helped push the net profit of Treasury Wine Estates.
Treasury Wine Estates boss Michael Clarke has sold two large parcels of shares in the company for a combined value of almost $7 million.
By selling nearly half of his stake in the company,Michael Clarke just handed his short-selling nemesis a whole cartridge of ammunition
Treasury Wine has defended its performance after a US hedge fund manager delivered a scathing assessment of the company.
The value of Australian wine exports rose five per cent in the year to March 2019,to $2.78 billion,with the value of exports to most major markets all rising