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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.
A wine merchant in Central China’s Jiangxi province has been sentenced to one year in jail for selling fake Penfolds, the popular wine brand that has become a household name in China.
Australian wine giant Treasury Wine Estates has won the trademark rights to Ben Fu (奔富), the Chinese transliteration of itsContinue Reading
Australian wine giant, Treasury Wine Estates, is considering to demerge its flagship brand Penfolds by the end of 2021, aContinue Reading
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has nowContinue Reading
In a blow to Penfolds’ efforts to protect its trademark in China, Beijing High Court has overturned a decision by Beijing IP court to invalidate Rush Rich’s trademark claim of Ben Fu Winery (奔富酒园).
A fraudster has been sentenced to three years in jail and fined for RMB 150,000 (US$21,400) for selling counterfeit Australian wine Penfolds in Shanghai.
Australian wine giant Treasury Wine Estates has announced that its chief executive Michael Clarke will retire in September next year, following more than 6 years at the helm of the company.
Penfolds, the flagship brand of Australian wine giant Treasury Wine Estates, has launched a rare wine called Special Bin 111A that represents “the pinnacle of winemaking endeavour” to honour its 175th anniversary this year.
A wine shop in Liuzhou in China’s southwestern Guangxi province is found to have sold fake Penfolds Grange and Penfolds Bin 707 that have caused health hazards to drinkers, local police has reported.