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
Penfolds
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
A collection of Penfolds Grange spanning from its inaugural 1951 vintage to 2015 vintage was sold for a record price of AU$431,000 to an anonymous buyer in Sydney, smashing its previous record from last year. Read More
Treasury Wine Estates has announced today that it will pivot towards other luxury markets to offset its loss in China and hints at opening a new production base in the country. Read More