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.
Exports of premium Australian wine have reached a record value of $1.1 billion but the high could be short-lived as concerns emerge over the impact of coronavirus on China and declining North American sales.
South Australian wine baron Warren Randall has made a string of acquisitions aimed at fuelling his booming Chinese sales, with the latest purchase his first vineyard in Australia’s largest grape-growing region.
Wine made in Australia by a Mexican and an Australian for Mexicans. It’s a mouthful but it’s also the motto of a trans-pacific partnership that’s putting boutique wines from the Barossa, Adelaide Hills and McLaren Vale wine regions on the map in Mexico.