Page 2 - Tempus Two News Today

An Adelaide Hills chardonnay described by judges as

William Dong was initially wary of buying assets from private equity owners, but believes House of Arras sparkling wine can be a global brand.

The high-profile stockbroker has told clients he does not know what the strategy is behind the Endeavour-owned liquor retailers pivot to high-priced bottles.

The Cairns Post

China and Australia have agreed to a five-month review of the wine tariffs that have threatened to derail the Aussie wine industry over the last three years. However, analysts say that even if the tariffs were removed overnight it would still take two years to clear Australia's wine surplus.

Winemakers are racing to reconnect with Chinese buyers as a review into wine tariffs that punished Australian winemakers is announced.

Australia’s wine industry is going through its most troubled times in a generation. The once booming business saw the value of wine exports slide by 10% in the year to June 2023, reaching its lowest level since 2014.

The $7 billion wine sector in Australia is undergoing a serious shake-up, with the owners of brands such as Jacob’s Creek, McGuigan and Tempus Two doing strategic reviews, as sales of other operators such as Bethany Wines step up.

Pernod has mandated two banks to conduct a strategic review of its Australia and New Zealand business.

Moelis analyst David Meehan maintained a Buy rating on Australian Vintage Ltd (AUVGF – Research Report) on August 28 and set a price targe...