Penfolds Superblend leads 2021 Australian collection
Penfolds has launched two superblends expanding its premium portfolio that included Grange, G4 and Quantum from its American wine collection.
Tag: Penfolds
TWE to switch to renewable energy by 2024
Treasury Wine Estates Ltd (TWE) today announced it was joining the RE100 global renewable power initiative as part of the premium wine company’s commitment to switch to 100% renewable electricity by 2024 across its global operations.
Penfolds debuts on Bordeaux La Place
Treasury Wine Estates has announced that Penfolds 2018 Bin 169 Coonawarra Cabernet Sauvignon is to be distributed through the historic global distribution network La Place de Bordeaux.
TWE launches California collection in HK while hints at expansion
In launching Treasury Wine Estates’ bold California Collection in Hong Kong, the Australian wine giant hints at pushing the envelop further by adding a white wine and Bordeaux Cabernet to its range, as it diversifies its global offerings.
Penfolds Grange 1951 sets new world record
A single bottle of Penfolds Grange with its founding winemaker Max Schubert’s signage has set a new world record price for any Australian wines sold at auction, fetching a whopping AU$142,131.
Over 4,000 bottles of smuggled fine wines intercepted at HK-Shenzhen border
Authorities in Shenzhen seized over 4,000 bottles of fine wines including Lafite, Mouton and Penfolds 707 and other high-value products worth more than RMB 18 million (US$ 2.31 million), as smugglers scurried to ferry the goods from tax-free Hong Kong to the mainland.
TWE launches Rawson’s Retreat from South Africa for China
Australian wine giant Treasury Wine Estates has quietly rolled out South Africa made Rawson’s Retreat for China to bypass up to 218% punitive tariffs imposed on Australian wines.
Shanghai police busts fake Penfolds and Bordeaux
A raid by Shanghai Police has uncovered over 50,000 bottles of fake wines including Penfolds and Bordeaux as well as known spirits and Baijiu brands worth over US$31.1 million.
China slams Australian wine with 218% tariffs for 5 years
China has announced its decision to impose up to 218.4% tariffs on Australian wines for a period of five years.
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.