Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China - its two largest markets - and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies. Read More
Australia
The Penfolds owner freezes its shares ahead of a crucial market update, following a A$687 million U.S. impairment and weakening demand in China.
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Established in 1829, Swan Valley is the birthplace of Western Australian wine and home to the region’s oldest surviving vines. Read More
As tariffs lift and Australian wine re-enters China, leading Australian wine importer Mega Wines confronts a transformed market defined by shrinking business demand, cautious distributors and shifting consumer tastes.
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Treasury Wine Estates’ shares fell to their lowest level in a decade last week after the company announced a A$687 million write-down on its U.S. operations. Read More
When people think of Western Australian wine, Margaret River inevitably comes to mind. Its Cabernet Sauvignons and Chardonnays are celebrated for their complexity, structure and … Read More
Treasury Wine Estates says its entire A$687 million U.S. goodwill is likely worthless — a stark sign of how sharply America’s wine market has cooled. Read More
As global demand surges for elegant, cool-climate styles, one region in Western Australia has stepped into the spotlight—producing world-class Riesling, expressive Shiraz and Chardonnay of startling finesse. Read More
Chinese authorities arrested three suspects and seized more than 4,300 bottles of finished and semi-finished fake Penfolds in Hubei province. Read More
Despite China’s prolonged slump in wine consumption, Western Australia’s debut showcase in Shanghai told a very different story: nearly 400 buyers, importers and retailers packed into two days of tastings and briefings, signalling that trade enthusiasm for quality wines remains far stronger than the headlines suggest. Read More