TWE’s Europe head resigns
Australian wine giant Treasury Wine Estates’ head of Europe, Middle East and Africa (EMEA) department has resigned two years on the job.
Tag: China
TWE profits down 24% due to pandemic and China tariffs
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
China’s biggest wine fair postpones to April
China’s biggest wine and spirits trade fair has announced that it will postpone its fair schedule from originally planned March to April, after the hosting province issued a directive to ban large-scale, sales-oriented gatherings as part of its precautionary measures following small clusters of infection.
Australian wine exports clipped by China tariffs
Australian wine exports slowed in the 12 months to December 2020, significantly clipped by China’s punitive tariffs in the last two months of the year that nearly flatlined December exports, according to Wine Australia’s latest Export Report released today.
Breaking: WSET suspends operation in China
The WSET, the largest global provider of wines and spirits qualifications, has suspended its operation in China indefinitely, after it was reported that the education provider allegedly failed to comply with the country’s education laws and non-governmental organization (NGO) management law.
Police bust biggest fake Penfolds operation in China
An inter-provincial police operation led by Guangzhou police has seized the biggest haul of fake Penfolds in China, with wines worth over US$20 million.
China’s biggest wine fair confirms date in March
Will China’s biggest wine and spirits fair in March roar back with vengeance or tank?
Accolade Wines puts two wineries for sale
Australia’s second biggest wine group, Accolade Wines, is putting two of its wineries up for sale as part of the group’s decision to restructure its south Australian operations.
Breaking: China slaps additional anti-dumping duties on Australian wine
China further inflicted more punitive tariffs on Australian wine today, less than two weeks after smacking a crippling 212% tariff. Is this the final nail on the coffin?
IWSR: US to overtake China as world’s biggest online drinks market by 2021
With China’s slower-than-expected growth rate, the US is expected to surpass China to become the world’s biggest online drinks market by the end of 2021, according to IWSR.