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. Read More
Treasury Wine Estates
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). Read More
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$76.2 million from July to December 2021 due to China’s crushing anti-dumping tariffs. Read More
Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines. Read More
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. Read More
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. Read More
Penfolds, the Australian flagship brand from Treasury Wine Estates, is now joining the emerging non-fungible token (NFT) trend by launching its first NFT. Read More
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. Read More
Treasury Wine Estates has announced that Penfolds 2018 Bin 169 Coonawarra Cabernet Sauvignon is to be distributed through the historic global distribution network La Place de Bordeaux. Read More
In launching Treasury Wine Estates' bold California Collection in Hong Kong, the Australian wine giant hints at pushing the envelop further by adding a white wine and Bordeaux Cabernet to its range, as it diversifies its global offerings. Read More