Treasury Wine Estates, the parent company of Penfolds, is looking to sell off its lower-end wine range including Wolf Blass, Lindenman’s amid declining global wine consumption. Read More
Australia
Australian wine's re-entry into China has bouyed the whole country's wine exports to a record level in recent years. However, the industry association cautions depletion in the Chinese market due to decreased wine consumption. Read More
Australia's surge is a welcome news but one of the top 50 wine importers in China told us 2024 is the worst year he has ever encountered in his professional life. Our full analysis on H1 wine import data. Read More
Australia’s second-largest wine group, Accolade Wines, will merge with Pernod Ricard’s Australian, New Zealand, and Spanish wine businesses for an undisclosed amount. The deal aims to strengthen the combined entity's position amid industry challenges facing wine. Read More
Australian Vintage, the third largest wine producer in Australia, is trying to revive its China market after its biggest shareholder from China suffered a AUD 7 million loss following the company' resumed trading. Read More
Just two months after China lifted punitive tariffs on Australian wines, Australia has quickly regained its position as China’s second-largest wine exporter, sparking hopes that it may soon become the top exporter to China again. Read More
Chinese Premier Li Qiang made a historical visit to Australia's popular winery Penfolds, raising hope that Australian wine exports to China could soon bounce back to AU$1 billion before relations soured. Read More
While Australia's return has sparked enthusiasm, buyers are treading cautiously amid economic uncertainties and the looming impact of cheap Australian wines—up to 100 containers—previously stored in bonded areas now flooding the market. Read More
Following the removal of tariffs, Australian wine exports have surged in the month of April, jumping by more than 675% in volume and an explosive 8300% in value, boosting China's overall wine imports. Read More
Treasury Wine Estates, Australia's largest wine producer, plans to increase its workforce in China by two-thirds this year following re-entry into its biggest export market. Read More