Treasury Wine Estates has announced that it has completed its majority acquisition of Château Lanessan in Haut Medoc, which would allow Penfolds to double its existing production capacity in France. Read More
Penfolds
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, has finally unveiled its much anticipated made-in-China wine, which will be sold in the Chinese market exclusively starting from October. Read More
Chinese Customs authorities in Gongbei, Guangdong have seized RMB 35 million (US$5.04 million) worth of smuggled Penfolds that were funnelled from tax-free Macau to mainland China, as demand for the popular Australian wine brand continues to remain high despite crushing tariffs. Read More
Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More
Treasury Wine Estates (TWE), the parent company of popular brand Penfolds, has secured a landmark win in China's highest court against Penfolds copycat 'Rush Rich' after six years of legal battle spanning courts in Australia and China. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, is far from winding down its business in China in wake of crushing tariffs, and has just unveiled a China-exclusive wine with the country's VATS Liquor Store, a nationwide wine and spirits distributor. Read More
Australia's wine trade body Wine Australia has announced that it will close its China office in Shanghai, after exports to its once most profitable market plunged under China's punitive tariffs. Read More
Xige Estate's strong-worded denial of a Meininger report and a multi-million smuggled drinks bust are making headlines inside China. Read More
Australia's most exported wine brand, Yellow Tail, has launched its Chile-made Yellow Tail range for the Chinese market this month to sidestep China's punishing tariffs on Australian wine, the company has told Vino Joy News. Read More
First made-in-China Penfolds will be released exclusively for the Chinese market in coming months, as Penfolds aims to play a meaningful role in Chinese wine industry to skirt tariffs. Read More