News
Treasury Wine Estates has reached a deal to sell several of its US wine brands to an industry giant as it kicks off plans to split the company into three.
Wine
Some of South Australia’s most unique and rare bottles of wine will go under the hammer in the biennial Barossa Wine Auction, led by an imperial-sized bottle of 2016 Penfolds Grange.
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Australia’s largest listed wine company Treasury Wine Estates has unveiled its plan to reduce the impact of harsh Chinese tariffs as its share price continues to slide.
China has announced an anti-dumping investigation into Australian wine, a move which today smashed the share price of Penfolds owner Treasury Wine Estates and could potentially deal a savage blow to the state’s massive wine industry.
Treasury Wine Estates is considering a plan to split off its flagship Penfolds brand into a separate company by the end of 2021.
Investment giant BlackRock has bought up more than $250 million worth of shares in Australia’s largest wine company in recent weeks.
