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Australia’s biggest wine company, Treasury Wine Estates, has issued a profit warning as much as 20% for its core earnings for fiscal year 2020 and withheld guidance for 2021 due to the coronavirus pandemic.
Napa Valley’s historic estate Beaulieu Vineyard has launched 2016 commemorative vintage of its top cuvee Georges de Latour in Hong Kong celebrating the winery’s 80th anniversary of the first bottling of the iconic Napa Cabernet.
A wine merchant in Central China’s Jiangxi province has been sentenced to one year in jail for selling fake Penfolds, the popular wine brand that has become a household name in China.
Robert Foye has been promoted as CEO of Australia’s second largest wine group, Accolade Wines, less than three months afterContinue Reading
As Australia joins the US and Germany to call for an independent inquiry into the origin and spread of CoronavirusContinue Reading
Australian wine giant Treasury Wine Estates has won the trademark rights to Ben Fu (奔富), the Chinese transliteration of itsContinue Reading
Australian wine giant, Treasury Wine Estates, is considering to demerge its flagship brand Penfolds by the end of 2021, aContinue Reading
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has nowContinue Reading
Australian wine exporters to China have reported dramatic drops as much as 90% in the first two months of the year, due to the fast-spreading Covid-19 (coronavirus).
Australian wine giant, Treasury Wine Estates, and Baron Philippe de Rothschild have ended their partnership, which gives TWE exclusivity to import and distribute the latter’s wines including volume-driven brand Mouton Cadet for China, TWE has announced.