A collection of Penfolds Grange spanning from its inaugural 1951 vintage to 2015 vintage was sold for a record price of AU$431,000 to an anonymous buyer in Sydney, smashing its previous record from last year. Read More
Australia
China further inflicted more punitive tariffs on Australian wine today, less than two weeks after smacking a crippling 212% tariff. Is this the final nail on the coffin? Read More
In this explainer, we break down in detail how the new tariff on Australian wines is going to be calculated and how long it's going to last. Read More
Treasury Wine Estates has announced today that it will pivot towards other luxury markets to offset its loss in China and hints at opening a new production base in the country. Read More
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban. Read More
In this explainer, we laid out all the facts surrounding China's shocking ban on Australian wine imports, as well as reactions from Australian, Chinese governments, importers, logistics companies and wineries. Read More
Australian wine exports surged 4% on steady global demand in the 12 months ended in September amid a pandemic and tariff threats from its most profitable market - China. Read More
Australia's mining magnate, Andrew Forrest, is eyeing to buy the iconic Australian wine brand Penfolds, after its parent company Treasury Wine Estates floated the idea of demerging the brand earlier this year. Read More
Led by 2016 Penfolds Grange and a superlative g4, Penfolds, the flagship wine brand under Treasury Wine Estates, has officially unveiled the new 2020 collection in Hong Kong. Read More
Three biggest Australian wine exporters to China have been selected for China’s further investigation of Australia’s alleged dumping and subsidies, after 31 companies have completed sample questionnaires. Read More