Treasury Wine Estates to demerge Penfolds
Australian wine giant, Treasury Wine Estates, is considering to demerge its flagship brand Penfolds by the end of 2021, aContinue Reading
Category: Australia
TWE: wine consumption in China ‘significantly impacted’ by outbreak
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has nowContinue Reading
Australia wine exports to China drop 90% due to virus outbreak
Australian wine exporters to China have reported dramatic drops as much as 90% in the first two months of the year, due to the fast-spreading Covid-19 (coronavirus).
Wine Australia warns of Coronavirus impacts on sales
Wine Australia’s CEO Andreas Clark warns of the impacts of the deadly coronavirus on sales particularly to its most profitable market China in the trade body’s latest export report, as China struggles to contain the virus that has infected close to 37,000 and killed over 800.
Bettane + Desseauve’s Chinese New Year wine tasting lends a hand to Australia
The upcoming Chinese New Year wine tasting event organised by renowned French wine guide Bettane + Desseauve on January 16Continue Reading
Hong Kong wine trade rallies to support fire-affected wineries in Australia
Hong Kong’s wine trade is rallying support for wineries in Southern Australia that have been ravaged by the devastating wild bushfires, donating wine sales proceeds to affected communities.
Australian wine exports to China soar, as selling price hits new record
Australian wine exports to China including Hong Kong and Macau reached a record value of AU$1.25 billion, a jump of 18% year on year for the year ended in September, the highest increase among Australia’s top export markets, as drinkers opt for more expensive bottles, according to Wine Australia.
Treasury Wine Estates CEO to retire
Australian wine giant Treasury Wine Estates has announced that its chief executive Michael Clarke will retire in September next year, following more than 6 years at the helm of the company.
Podcasts on preserving iconic Australian wine history launched
Seppeltsfield, one of Australia’s oldest wineries, has published a series of podcasts written and narrated by Master of Wine Andrew Caillard MW and produced by Christophe Priddle of The Grape Underground, to explore the liquid history of the 168-year-old winery.
Penfolds launches ‘rare’ Bin 111A for 175th anniversary
Penfolds, the flagship brand of Australian wine giant Treasury Wine Estates, has launched a rare wine called Special Bin 111A that represents “the pinnacle of winemaking endeavour” to honour its 175th anniversary this year.