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Australia’s biggest wine company, Treasury Wine Estates, has issued a profit warning as much as 20% for its core earnings for fiscal year 2020 and withheld guidance for 2021 due to the coronavirus pandemic.
Australia made a point in its Vision 2050 report to reduce its heavy reliance on China, and cross-border travel ban between China and Hong Kong will take its toll on the grey market wine trading.
Acclaimed Australian wine critic, James Halliday, is putting his personal collection of 250 bottles of the rarefied Domaine de la Romanée-Conti (DRC) up for sale, which will make the online auction “the biggest of its kind in Australian history”, according to auction house Langton’s.
Australian wine exports in the first four months of the year have been dented by the coronavirus pandemic, with China seeing the sharpest decline, and the future of wine trading between the two countries dogged by fears of escalating political tensions.
Robert Foye has been promoted as CEO of Australia’s second largest wine group, Accolade Wines, less than three months afterContinue Reading
The Australian Broadcast Commission (ABC) report the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Wine Australia have discovered anContinue Reading
Rob Geddes MW, one of the few people who obtained the highly coveted Master of Wine title in Australia, isContinue Reading
As Australia joins the US and Germany to call for an independent inquiry into the origin and spread of CoronavirusContinue Reading
Australian wine giant Treasury Wine Estates has won the trademark rights to Ben Fu (奔富), the Chinese transliteration of itsContinue Reading
Chile, which was announced as the Country of Honour for the Vinexpo Hong Kong 2020 edition, has announced that itContinue Reading