Treasury Wine Estates has unveiled its most aggressive restructuring in years, announcing plans to cut its stable of 76 wine brands to fewer than 30 as it bets heavily on a small group of premium labels to weather a prolonged global wine downturn. Read More
Australia
Australia's wine glut is showing up on China's retail shelf. Australian wines from premium regions that once routinely sold for more than RMB 200 are now appearing on Chinese shelves below RMB 30 (USD4.43). Read More
Fifteen Australian spirits producers drew strong interest from Chinese importers and distributors at Be Spirits Shanghai, a tasting event held on May 22 that marked the first Australian government-led spirits showcase in mainland China. Read More
The next wave of Australian spirits is landing in Shanghai. Meet 20 distilleries in one tasting. Read More
Australia’s wine exports suffered a 14% drop in the past 12 months ended in March 2026, with softer demand in its key markets including China, the UK and US weighing on overall performance. Read More
Shares of Treasury Wine Estates rose sharply after the company reported strong sales momentum in key markets, led by China, and unveiled a major organisational overhaul. Read More
After years of sustained decline, China’s wine import market is beginning to show early signs of stabilisation led by a rebound among major producers such as France and Australia. Read More
Australian wine producer Treasury Wine Estates reported its largest half-year net loss since listing, citing weaker conditions in the United States and China and the impact of measures to curb parallel imports. Read More
Treasury Wine Estates has scored a major courtroom victory in China, winning more than $10 million in damages after a years-long fight against a wine brand accused of mimicking its iconic Penfolds label. Read More
At least one winery in Australia’s Victoria region reports a 100% harvest loss as vineyards, homes and cellars are destroyed.
Read More