
Wine sales slump hits Treasury
Treasury Wine Estates shares fell sharply in early trade today after the company reported a 21 per cent fall in earnings for the 2020 financial year.
Treasury Wine Estates shares fell sharply in early trade today after the company reported a 21 per cent fall in earnings for the 2020 financial year.
Investment giant BlackRock has bought up more than $250 million worth of shares in Australia’s largest wine company in recent weeks.
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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.
The world’s largest publicly listed winemaker has announced a huge investment in a winery northeast of Adelaide.
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.
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.