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.
Tag: Treasury Wine Estates
TWE eyes other markets and a possible China production base
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.
China slaps up to 212% tariff on Australian wine
China has announced today that it will slap up to 212% temporary anti-dumping tariff on Australian wine exports starting from this Saturday. See the full list of tariffs levied on each Australian company here.
Treasury halts Penfolds demerger amid China ordeal
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban.
What’s next after China’s sweeping Australian wine ban?
In this explainer, we laid out all the facts surrounding China’s shocking ban on Australian wine imports, as well as reactions from Australian, Chinese governments, importers, logistics companies and wineries.
Australian mining magnate eyes to buy Penfolds
Australia’s mining magnate, Andrew Forrest, is eyeing to buy the iconic Australian wine brand Penfolds, after its parent company Treasury Wine Estates floated the idea of demerging the brand earlier this year.
Penfolds launches 2020 collection in Hong Kong
Led by 2016 Penfolds Grange and a superlative g4, Penfolds, the flagship wine brand under Treasury Wine Estates, has officially unveiled the new 2020 collection in Hong Kong.
China names four Australian companies for further investigation in dumping probe
Three biggest Australian wine exporters to China have been selected for China’s further investigation of Australia’s alleged dumping and subsidies, after 31 companies have completed sample questionnaires.
Breaking: China launches second investigation into Australian wine
China has announced a second investigation today, targeting Australian wine subsidies, escalating tensions between the two trade partners.
What does China really want from anti-dumping probe into Australian wine?
What’s really behind China’s anti-dumping probe into Australian wine? Political and economic retaliation or much more?