Vino Joy News

Australia

Beyond the Fruit Bomb: Is Western Australia’s New Wine Frontier the Next Big Hit for Chinese Buyers?
5 min read

Beyond the Fruit Bomb: Is Western Australia’s New Wine Frontier the Next Big Hit for Chinese Buyers?

Vino Joy News 2024-10-28
With tariffs lifted and interest renewed, could these lesser-known Australian wines from Great Southrn wine region soon be the next big hit in China’s premium wine market? Read More
Treasury Wine Estates to Pay AU$65 Million to Settle Class Action Over 2020 Downgrade
2 min read

Treasury Wine Estates to Pay AU$65 Million to Settle Class Action Over 2020 Downgrade

Natalie Wang 2024-10-16
TWE has agreed to a AU$65 million (US$43.47 million) settlement to resolve a class action alleging the company breached its continuous disclosure obligations and provided misleading earnings guidance following a downgrade in 2020. Read More
TWE Reports 34.7% Surge in Penfolds Sales in Asia for FY2024 Treasury Wine Estates (pic: TWE)
2 min read

TWE Reports 34.7% Surge in Penfolds Sales in Asia for FY2024

Morris Cai 2024-08-23
Treasury Wine Estates (TWE) has reported a 34.7% increase in sales revenue for its flagship brand, Penfolds, in the Asian market for fiscal year 2024, driven by strong growth in Thailand, Hong Kong, and Taiwan, as well as a recovery in mainland China during the fourth quarter. Read More
China’s Australian Wine Boom Slows: July Imports Dip Amid Signs of Market Plateau
1 min read

China’s Australian Wine Boom Slows: July Imports Dip Amid Signs of Market Plateau

Morris Cai 2024-08-22
China's imports of Australian bottled wine continued to surge in July, recording a staggering year-on-year increase in both volume and value. However there are early signs of a potential plateau following the post-tariff rebound earlier this year. Read More