Treasury Wine Estates, the Australian wine group behind Penfolds, has cut about 170 jobs worldwide and is selling several brands as it restructures its business following a sharp decline in U.S. earnings. Read More
USA
Constellation Brands’ wine and spirits net sales fell 26% in the first half of its fiscal year, although organic net sales rose 12% after excluding the impact of divested businesses. Read More
The share of Americans who drink alcohol has fallen to the lowest level in nearly nine decades of polling, while wine is finding its strongest support among older consumers and women, according to a new Gallup survey. Read More
The Australian wine group cut customer inventories in China by 200,000 cases, but distributors offered a more cautious assessment of underlying demand.
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The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More
Faced with nearly 80% import taxes, one of the world's best-selling boxed wine brands has abandoned U.S.-made wine in China, replacing it with Australian wine bottled locally.
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Fifty years after the Judgment of Paris upended the wine world, California is once again putting the historic tasting at the center of its pitch to Asian consumers. Read More
A pair of Chinese wines just got the ultimate state endorsement — and shoppers went wild.
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Global wine data platform Wine-Searcher has been acquired by GLX U.S. Inc., a company controlled by European billionaire Olivier Goudet. Read More
Global wine consumption fell to its lowest level in 25 years in 2025 but six markets in the OIV’s top 20 wine-consuming countries managed to post growth in 2025. Read More