Ningxia's Stone & Moon is now offically part of the Treasury Wine Estates family. Read More
Penfolds
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More
Priced from HKD 738 to HKD 3,998 (US$ 94.81 to US$ 513.61), the collection will be available in Hong Kong starting in January. Read More
During this period, imports of Australian wine to China increased significantly, while imports from other major wine-producing countries continued to decline. 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
The deal, valued at RMB 130 million (US$17.9 million), is TWE's latest strategic push to expand local wine production in China. Read More
This marks the first publicly reported wine smuggling case involving extradition in China. Read More
Australia's Minister for Trade and Tourism, Don Farrell, visited Treasury Wine Estates' office in Shanghai, in a strong show of force to boost wine cooperation between China and Australia following tariff removal in late March. Read More
However, TWE’s performance will depend on the economic environment and geopolitical dynamics in key markets, including China. Read More