Group 1 - Treasury Wine Estates (TWE) has requested a trading halt on the Australian Securities Exchange ahead of an outlook update, effective immediately [1] - The trading pause is set to last until normal trading resumes on December 17, 2025, or until the company releases an announcement regarding this matter [2] - An investor and analyst call is scheduled for December 17, which will cover TWE's performance in key markets like the US and China, along with initial observations from new CEO Sam Fischer [2] Group 2 - At the beginning of December, TWE forecasted an impairment on its US assets of at least A$687.4 million (approximately $450 million) due to conservative long-term market growth assumptions [3] - The impairment is expected to reduce long-term earnings growth rates and impact the value of TWE's Treasury Americas and Treasury Collective business segments [4] - The impairment charge will be assessed as part of the group's 2026 interim results, with a significant portion of goodwill expected to be written off in the Americas region [4] Group 3 - TWE disclosed a reduction in future cash flows of 11% per year in its Americas business, which would eliminate impairment headroom [5] - The company withdrew its fiscal 2026 earnings guidance due to an uncertain outlook for its Penfolds and Treasury Americas businesses [5]