Business
Penfolds owner posts healthy profit lift
Treasury Wine Estates has raised a glass to shareholders, upping its interim dividend following a 15.1 per cent lift in first-half profit to $201.1 million.
Business
Treasury Wine Estates has raised a glass to shareholders, upping its interim dividend following a 15.1 per cent lift in first-half profit to $201.1 million.
Wine
Philip White has a privileged wallow through the top end of the new Penfolds Collection – including the 2014 Grange – wondering just how high those prices can go.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
In an industry subject to ever-changing cycles, fashions and fads, it’s an ongoing challenge to keep a successful and well-established wine label shining brightly, says Penfolds’ chief winemaker Peter Gago.
Since Penfolds has designed a hybrid Shiraz/baiju port to please China, Philip White issues a challenge to go one big healthy verdant step further.
Winemaker Penfolds is poised to produce wine for the first time overseas, turning out bottles of Shiraz and Cabernet sauvignon in California’s famous Napa Valley.
Shares in Penfolds maker Treasury Wine Estates have sunk to a four-month low amid reports it is facing an over-supply of its wine in China.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
