News
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.
Business
Treasury Wine Estates is considering a plan to split off its flagship Penfolds brand into a separate company by the end of 2021.
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A 64-bottle collection of Australia’s most famous wine, Penfolds Grange, is expected to fetch a record $350,000 when it is auctioned online this week.
Copycat wine labels impersonating famous brands like Penfolds will be placed on a directory to protect Australian exports.
Cambodian police have broken a bootlegging operation that specialised in producing fake Australian wine, local press report.
A Norwood-based wine company that used near-identical labelling to Penfolds on more than 1 million bottles of wine exported to China and failed to pay damages, has been forced into liquidation.
