The downturn in Asia, driven by slumping sales in China and South Korea, contrasts with the company’s overall global growth. Read More
Latest news
Penfolds has introduced its 2024 collection of latest vintage releases in both Beijing and Hong Kong, including a premium release named Bin 180, priced at RMB 7,288 per bottle, surpassing its iconic Grange. Read More
The latest twist in fake Penfolds saga was unexpected: a wine company not only established a “Penfold Family Wine Club” in China but also enlisted a man claiming to be the “seventh-generation heir of the Penfolds family” to endorse their activities. Read More
The Vietnamese government has proposed a significant increase in alcohol taxes, with plans to double the excise tax on wine by 2030, according to a draft regulation. Read More
It started with a promise of easy money and fine wine—an irresistible combination for Jia Shuang. Like thousands of others, he was drawn into the allure of quick profits through an online platform that claimed to turn wine trading into a lucrative venture. Read More
Chinese customs officials have seized 670 bottles of top Bordeaux, including Lafite, Latour, and Margaux, in a smuggling case valued at more than RMB 3 million (about $410,000). Read More
A former executive of a Singapore-based wine investment company has been arrested after evading authorities for 13 years, accused of defrauding over S$12 million from wine buyers. Read More
The real challenge lies not in consumer demand but in navigating the labyrinthine certification process that keeps many Western wines from being marketed as organic in the country. Read More
Louis Roederer has launched the second series of its "Solar Panel" art project, featuring close-up photographs of Chardonnay vine leaves. Read More
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