Secondary market activity for Australian wine experienced significant decline as a result of Chinese anti-dumping tariffs, as reported by Liv-Ex. Read More
Australia
Treasury Wine Estates has confirmed to Vino Joy News that it is bottling its popular Penfolds Max's in China and the range will be launched this month for Chinese New Year. Read More
The Australian wine giant Treasury Wine Estates (TWE)’s plan to make Chinese Penfolds to bypass China’s punitive tariffs on Australian wine was met with doubts and skepticism from Chinese analysts and industry insiders, in a recent article published by state-owned media. Read More
Australian wine giant Treasury Wine Estates (TWE) announced that the company has transitioned AUD$1.4 billion (US$1 billion) of financial loans into Sustainability Linked Loans. Read More
Shaw + Smith’s founders, Martin Shaw and Michael Hill Smith MW, and joint CEOs Adam Wadewitz and David LeMire MW, have bought Blewitt Springs vineyard in McLaren Vale to make three single vineyard wines, the winery has announced. Read More
Penfolds, the Australian flagship brand from Treasury Wine Estates, is now joining the emerging non-fungible token (NFT) trend by launching its first NFT. Read More
China’s crippling anti-dumping tariff of up to 218% have essentially upended Australia’s wine market in China, and it appears any access to the market will be even harder for Australia, as it ranks as the top country of origin rejected by Chinese customs upon entry. Read More
Penfolds, the Australian flagship brand from Treasury Wine Estates, has announced the final release of its ultra premium "g" series trio - g5 - blending five vintages of Granges, following the launch of Penfolds g3 and g4 in 2017 and 2020 respectively. Read More
The World Trade Organization (WTO) has formally agreed to set up an investigative panel to examine China’s anti-dumping tariffs on Australian wines, a move that will likely anger China after it first blocked Australia’s request in September. Read More
Penfolds has launched two superblends expanding its premium portfolio that included Grange, G4 and Quantum from its American wine collection. Read More