In a landmark deal potentially valued at US$1 billion, Australian wine giant Treasury Wine Estates (TWE) has announced its acquisition of California's DAOU Vineyards. Read More
Treasury Wine Estates
Australia remains unyielding in its pursuit of a case at the World Trade Organization (WTO) against China's wine tariffs, its Agriculture Minister has maintained, potentially impeding the anticipated discussions on lifting wine tariffs. Read More
Just a year after its launch, fake One by Penfolds has emerged on China's e-commerce platform. Read More
Treasury Wine Estates will shut down its Karadoc winery in Victoria amid rising operational costs and China's punitive tariffs that have made the wine giant's commercial wine operation "unstainstable" Read More
It will take years to rebuild China market even if Beijing drops hefty punitive tariffs on Australian wines, says TWE CEO. Read More
Tom King, managing director of Australia’s popular wine brand Penfolds, has met with China’s official drinks trade organization, the first high-level meeting between the two parties following the signing of their long-term partnership last year. 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
Pop it like it's hot! Snoop Dogg unveils his newest wine with the popular 19 Crimes, Snoop Cali Gold (SRP: $17.99), the franchise's first sparkling wine that coincides with the world's first rapping wine label! 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