Business
Investment giant BlackRock has bought up more than $250 million worth of shares in Australia’s largest wine company in recent weeks.
Wine
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.
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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.
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.
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.
