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Penfolds' parent company reported a net loss due to weak demand in China and the U.S., driven by economic challenges and changing consumer tastes.
Penfolds parent company reported a net loss amid ongoing challenges in key markets China and the U.S., where demand has weakened due to economic headwinds and shifting consumer preferences.
The financial downturn reflects broader struggles in the luxury goods sector, with the company citing reduced sales volumes and increased operational costs.
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La empresa matriz de Penfolds reportó una pérdida neta debido a la débil demanda en China y Estados Unidos, impulsada por desafíos económicos y cambios en los gustos de los consumidores.