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
Tom King
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
Penfolds is poised to make a full return to mainland China, with first shipments expected to arrive next month following the lifting of punitive tariffs in late March. Read More
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
Treasury Wine Estates has confirmed to Vino Joy News that it is bottling its popular Penfolds Max's in China and the range will be launched this month for Chinese New Year. Read More