China's wine tariff review welcomed by Aussie producers
Winemakers are racing to reconnect with Chinese buyers as a review into wine tariffs that punished Australian winemakers is announced.
Source: afr.com
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Australian wine trade experiences handbrake turn in its fortunes
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.
Source: thedrinksbusiness.com
ASX TWE: Australia's winemakers are in the midst of their biggest shake-up yet
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.
Source: afr.com
Global giant Pernod Ricard ready to uncork ANZ wine brands; taps banks
Pernod has mandated two banks to conduct a strategic review of its Australia and New Zealand business.
Source: afr.com
Moelis Sticks to Their Buy Rating for Australian Vintage Ltd (AUVGF)
Moelis analyst David Meehan maintained a Buy rating on Australian Vintage Ltd (AUVGF – Research Report) on August 28 and set a price targe...
Source: businessinsider.com