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Penfolds releasing China-made premium wine

Australia’s Treasury Wine Estates, best known as the owner of Penfolds, will introduce its first China-sourced premium wine to the global market in August as the company faces mainland tariffs and a global cost-of-living crisis that’s crimping demand, reports Bloomberg. The first made-in-China wine in the Melbourne-based producer’s 2023 Penfolds Collection will be available in…
Tom King Treasury Wine Estates

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