Penfolds to launch its first NFT with BlockBar
Penfolds, the Australian flagship brand from Treasury Wine Estates, is now joining the emerging non-fungible token (NFT) trend by launching its first NFT.
Tag: Treasury Wine Estates
TWE to switch to renewable energy by 2024
Treasury Wine Estates Ltd (TWE) today announced it was joining the RE100 global renewable power initiative as part of the premium wine company’s commitment to switch to 100% renewable electricity by 2024 across its global operations.
Penfolds debuts on Bordeaux La Place
Treasury Wine Estates has announced that Penfolds 2018 Bin 169 Coonawarra Cabernet Sauvignon is to be distributed through the historic global distribution network La Place de Bordeaux.
TWE launches California collection in HK while hints at expansion
In launching Treasury Wine Estates’ bold California Collection in Hong Kong, the Australian wine giant hints at pushing the envelop further by adding a white wine and Bordeaux Cabernet to its range, as it diversifies its global offerings.
TWE withstands China tariffs
Treasury Wine Estates appears to have absorbed the shock from China’s punitive tariffs and “is positive on outlook across its key markets outside mainland China” for the year 2022, the company has announced in its latest 2021 annual report.
China slams Australian wine with 218% tariffs for 5 years
China has announced its decision to impose up to 218.4% tariffs on Australian wines for a period of five years.
Pernod Ricard rumored to buy TWE
Australian wine giant Treasury Wine Estates’ stock prices rose 8% on news of a potential buy-out from France’s biggest drinks and beverage owner, Pernod Ricard.
TWE’s Europe head resigns
Australian wine giant Treasury Wine Estates’ head of Europe, Middle East and Africa (EMEA) department has resigned two years on the job.
TWE profits down 24% due to pandemic and China tariffs
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.
Police bust biggest fake Penfolds operation in China
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.