China’s October wine imports surge on Australian wine rush
China’s October wine imports surged for the first time this year as merchants rush to stockpile Australian wines before any hefty punitive tariffs that have now come into effect this month.
Tag: Australia
Treasury halts Penfolds demerger amid China ordeal
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban.
Breaking: China to ban imports of Australian wine
In a significant escalation of tensions, China has ordered merchants to stop purchasing at least seven categories of Australian commodities including wine starting from this Friday, according to a leaked memo.
Report warns of New Zealand’s vulnerability to China
Is New Zealand’s wine at the risk of being targeted by China following investigation into its Australian neighbor?
China’s imports slide in H1 as Covid takes toll
China’s wine imports in the first six months of the year slid due to Covid-19, with Chile seeing the sharpest decline among all countries of origins.
China’s global ‘colonization’ of vineyards
China’s thirst for wine has led to a global vineyard purchasing spree. Here, we have mapped out well-heeled Chinese buyers’ global acquisitions.
Private equity firm in talks to buy Australia’s historic McWilliam’s Wines
After 143 years of family management that extends to the 6th generation, the fate of Australia’s historic winery McWilliam’s Wines might be in the hands of a private equity firm, writes Rob Geddes MW.
Treasury Wine Estates warns of 20% drop in earning due to pandemic
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.
Weekly digest: DBR Lafite’s new international director and Australia shifts from China
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.
James Halliday puts 250 bottles of DRC up for sale
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.