Shares of Treasury Wine Estates rose sharply after the company reported strong sales momentum in key markets, led by China, and unveiled a major organisational overhaul. Read More
Parallel imports
Australian wine producer Treasury Wine Estates reported its largest half-year net loss since listing, citing weaker conditions in the United States and China and the impact of measures to curb parallel imports. Read More
Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China - its two largest markets - and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies. Read More
Australian wine giant Penfolds is facing a pricing crisis in China, with its wines appearing at drastically different price points following the lifting of tariffs on Australian wine. Read More