Penfolds MD: made-in-China Penfolds is just the first step
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.
Tag: Treasury Wine Estates
Penfolds launches 2018 Superblend Imperial Duo for NFT wine auction
Penfolds, the flagship brand of Treasury Wine Estates, is launching a rare 2018 Superblend Imperial Duo as two NFTs on BlockBar, a New York-based luxury wine and spirits NFT platform for its first-ever NFT wine auction
Chinese Penfolds close to be released?
Speculations are running high inside China that Australia’s most known wine brand Penfolds is a step closer in launching its Chinese Penfolds, reportedly made by blending wines from the country’s premier wine region Ningxia and South Australia.
Over 8,000 fake Penfolds busted in ‘mega’ fake wine operation
China’s eastern Jiangsu province has dismantled what the policed described as a “mega cross regional” fake wine production ring, seizing over 8,000 bottles of counterfeit Penfolds worth over RMB 10 million (US$1.6 million).
TWE suffered 97% revenue loss in China under harsh tariffs
Treasury Wine Estate (TWE), the parent company of popular Australian wine brand Penfolds, revealed its revenue in mainland China has plunged by more than 97% or about AU$76.2 million from July to December 2021 due to China’s crushing anti-dumping tariffs.
Over 1,000 bottles of smuggled Australian wines busted at HK-Shenzhen border
Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines.
TWE’s plan to make Chinese Penfolds faces doubts from China
The Australian wine giant Treasury Wine Estates (TWE)’s plan to make Chinese Penfolds to bypass China’s punitive tariffs on Australian wine was met with doubts and skepticism from Chinese analysts and industry insiders, in a recent article published by state-owned media.
Treasury Wine Estates offers first Sustainability Linked Loans in Asia-Pacific wine industry
Australian wine giant Treasury Wine Estates (TWE) announced that the company has transitioned AUD$1.4 billion (US$1 billion) of financial loans into Sustainability Linked Loans.
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.
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.