It will take years to rebuild China market even if Beijing drops hefty punitive tariffs on Australian wines, says TWE CEO. Read More
Penfolds
Tom King, managing director of Australia’s popular wine brand Penfolds, has met with China’s official drinks trade organization, the first high-level meeting between the two parties following the signing of their long-term partnership last year. Read More
Hong Kong authorities are meeting with Guangdong counterparts to combat the resurgence of cross-border parallel trading after the full reopening between Hong Kong and mainland borders, according to Hong Kong customs. Read More
Hong Kong customs have seized 9,000 bottles of smuggled wines inside two ocean-going vessels headed to Shanghai in a massive raid that led to seizure of more than HK$200 million (US$25.6 million) worth of smuggled goods Read More
Fujian, the affluent coastal province in southern China, has announced one of the province's biggest fake wine busts in its history: over 40,000 bottles of fake DBR Lafite and Penfolds were uncovered in a police raid. Read More
Treasury Wine Estates has announced that it has completed its majority acquisition of Château Lanessan in Haut Medoc, which would allow Penfolds to double its existing production capacity in France. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, has finally unveiled its much anticipated made-in-China wine, which will be sold in the Chinese market exclusively starting from October. Read More
Chinese Customs authorities in Gongbei, Guangdong have seized RMB 35 million (US$5.04 million) worth of smuggled Penfolds that were funnelled from tax-free Macau to mainland China, as demand for the popular Australian wine brand continues to remain high despite crushing tariffs. Read More
Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More
Treasury Wine Estates (TWE), the parent company of popular brand Penfolds, has secured a landmark win in China's highest court against Penfolds copycat 'Rush Rich' after six years of legal battle spanning courts in Australia and China. Read More