China's Ministry of Commerce is hinting at a crucial decision on whether to lift tariffs on Australian wines, as Australian wine exporters wait with bated breath on the final green light to re-enter China market. Read More
Treasury Wine Estates
Treasury Wine Estates, the Australian wine giant that owns Penfolds, says it’s “prepared and well placed” to resume shipping of its wines including Penfolds Bin and Icon series to the Chinese market once Beijing completes tariff review as soon as next month. Read More
China’s imported wine market is at its lowest ebb, but has it bottomed out yet? Read More
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
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