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Penfolds maker Treasury Wine Estates will shut down one of its Victorian wineries used to make budget brands such as 19 Crimes and Wolf Blass and sell two vineyards, putting 60 jobs on the line as the popularity of cheaper wine continues to…

American rapper Snoop Dogg’s celebrity endorsement of the 19 Crimes wine label helped but has not produced the sales Treasury Wine Estates was hoping for, even at an asking price starting at just $12 a bottle, as demand for budget plonk…