Penfolds owner Treasury Wine Estates is buying Californian luxury wines group Daou Vineyards in a deal worth $1.6 billion.
The Penfolds owner is buying the Californian group as it steps up an expansion in US luxury wines.
Source: afr.com
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Australian winemakers ready to rekindle ties with Chinese customers
The Australian wine industry has received its clearest signal yet that it is one step closer to resuming regular trade with what was once its largest market.
Source: brisbanetimes.com.au
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Beijing reviews wine tariffs ahead of Australian Prime Minister's visit
Beijing has launched a review of punitive tariffs that were placed on Australian wine in 2020 in the latest sign of thawing relations between the two...
Source: nzherald.co.nz
Australian wine sector cautiously upbeat following China's tariff review announcement
Australian winemakers and growers have expressed cautious optimism following China's announcement of a five-month review into existing tariffs on Australian...
Source: proactiveinvestors.com.au
TWE ASX: Chinese wine tariffs a bonus for Treasury Wine Estates share price but sales rebound may prove slow
The potential end of Chinese tariffs on Australian wines is buoying its shares. But a sales recovery to the mainland may take longer than some expect.
Source: afr.com