Page 39 - Wine Estates News Today

Australian shares ended a volatile session flat, with lacklustre annual results from Woodside Petroleum dragging energy stocks lower, while Treasury Wine notched its best day in five years after the company unveiled plans to overhaul its business.

Jarden Brief: US bans imports from controversial region of China 18 Feb, 2021 07:46 PM 7 minutes to read China stands accused of engaging in a cultural genocide against the Uyghur Muslim peoples in the Xinjiang region. Photo / Getty Images China stands accused of engaging in a cultural genocide against the Uyghur Muslim peoples in the Xinjiang region. Photo / Getty Images NZ Herald Jarden New Zealand: The NZX closed down 0.3 per cent yesterday. Sector performance was mixed with reporti...

3 Min Read (Reuters) - Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine. FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray The restructuring was unveiled on Wednesday as the world’s larges...

CANBERA (dpa-AFX) - Asian stocks ended mixed on Wednesday as surging bond yields driven by increasing inflationary concerns overshadowed hopes for a vaccine-led economic recovery. Chinese markets

3 Min Read (Reuters) - Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine. FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray The restructuring was unveiled on Wednesday as the world’s larges...

Australia's Treasury Wine says will operate under three divisions as profit plunges

Stores in China have been busted ripping off Australias iconic Penfolds wine with cheap imitation brands named Penfunils and Benfolds. Knock-offs of the popular Aussie wine were spotted on supermarket shelves in Chinas Hainan province on Sunday. Spotted in Hainan. Must admit I have never come across these Australian labels, Twitter user Patrick Fok wrote alongside an image of the shiraz. Stores in China have been busted ripping off Australias iconic Penfolds wine with cheap imitation brands nam...

“Vintage Wine Estates is committed to sustainability, both in our farming and production facilities,” explained Jeff Nicholson, Chief Operational Officer, Vintage Wine Estates. “Every upgrade we make to Ray’s Station, and all our facilities, is planned with sustainability in mind. It’s good for the environment, our community, and our business.” /*** Advertisement ***/ System details: The project will be constructed in two phases and consist of a relocated 755.2 kilowatt system that ...

February 08, 2021 E. & J. Gallo Winery filed a lawsuit against a Napa Valley winery over a grape contract, according to court records. The world’s largest company alleges LMR Wine Estates LLC of St. Helena owes at least $420,000 on fruit harvested in 2020, according to the complaint filed Jan. 28 in Napa County Superior Court. The Hall family owns Long Meadow Ranch. The contract called for LMR Wine Estates to purchase 120 tons of Cabernet Sauvignon grown at Sun Lake Vineyard in Pope Va...

By Reuters Staff (Adds background on China tariffs, Penfolds demerger plans) Feb 8 (Reuters) - Treasury Wine Estates, in response to a media report, said on Monday it is not currently considering a demerger of any of its businesses. The worlds largest listed winemaker was responding to a report here by The Australian that said it was considering splitting its global operations into three separate businesses. In November, the company put on hold the planned spinoff of its prized Penfolds label a...