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$142,131. Read More
Penfolds
Authorities in Shenzhen seized over 4,000 bottles of fine wines including Lafite, Mouton and Penfolds 707 and other high-value products worth more than RMB 18 million (US$ 2.31 million), as smugglers scurried to ferry the goods from tax-free Hong Kong to the mainland. Read More
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. Read More
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. Read More
China has announced its decision to impose up to 218.4% tariffs on Australian wines for a period of five years. Read More
Australian wine giant Treasury Wine Estates' head of Europe, Middle East and Africa (EMEA) department has resigned two years on the job. Read More
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. Read More
Penfolds, the flagship wine brand under Treasury Wine Estates, is again pushing the envelop and released for the first time wines carrying a "Wine of the World" label by blending California grapes with a touch of Australian addition. Read More
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. Read More