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The Latest Breaking News from Treasury Wine Estates

Penfolds owner's earnings sour on China 'grey' wine woe

Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to problems in China and the US.

Penfolds owner's return to China not going as planned

Penfolds owner's return to China not going as planned

Treasury Wine Estates had high hopes for the Chinese market after Beijing dropped crushing tariffs on Australian imports.

Jacob’s Creek, Campo Viejo … the wines I grew up with are suddenly as relevant as Blue Nun

Jacob’s Creek, Campo Viejo … the wines I grew up with are suddenly as relevant as Blue Nun

The commercial brands that flavoured my youth are being sold off, but there are still consistently good bottles under £10, if you look hard enough

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China lifts steep Australian wine tariffs as relations improve

Beijing imposed the tariffs in 2020 during a diplomatic feud, raising duties from zero to above 200 percent.

Australian Wine Industry Toasts Expected End To China Tariffs

The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.

International Business Times

Treasury Wine's Profit Meets Expectations; China Tariff Review Key

Treasury Wine, an Australian company, sees its profit meet expectations, leading to a jump in stock prices. All eyes are now on the upcoming China tariff r...

Lendlease Group hit with first strike after $232m loss

Lendlease has joined Qantas, Woolworths, Treasury Wine Estates, Magellan Financial and Whitehaven Coal in being slapped with a "first strike" on executive pay.

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Treasury buys luxury Californian vineyard in $1.6b deal

Treasury buys luxury Californian vineyard in $1.6b deal

Penfolds owner Treasury Wine Estates will acquire Californian luxury wine brand DAOU Vineyards for a deal worth up to $1.6 billion as it eyes a US expansion.

Treasury Wine Estates gets 'first strike' over exec pay

Treasury Wine Estates gets 'first strike' over exec pay

Nearly half of all votes at Treasury Wine Estates' annual general meeting were cast against the renumeration plan for its top executives.

Treasury Wine to shut rural winery as costs sour palate

Treasury Wine to shut rural winery as costs sour palate

Australia's biggest winemaker will shut down a winery in regional Victoria due to cost pressures and shifting demand, leaving 60 people out of the job.

Treasury shares in the red after bottling profit target

Treasury shares in the red after bottling profit target

Penfolds maker Treasury Wine Estates' solid profit increase wasn't enough to pacify the market, with shares plunging into the red after missing expectations.

Rapper Snoop Dogg launches his own wine brand for 'non traditional' drinkers

Snoop Dogg follows a long list of celebrities launching their own wine ranges with Kylie Minogue, Graham Norton and Philip Schofield amongst the most successful

Iconic South Australian wine brand Penfolds to launch 'made in China' vintage in effort to skirt Chinese tariffs

Penfolds parent company Treasury Wine Estates will release its first "made in China" vintage to the domestic market later this year.

ASX rises, Fortescue Metals and CSL report weaker profits from COVID-19 restrictions

ASX rises, Fortescue Metals and CSL report weaker profits from COVID-19 restrictions

The Australian share market rises in afternoon trade, soaring oil and gas prices boost Santos' profit, while Fortescue Metals, CSL and Treasury Wine Estates reveal the impact of COVID-19 on their earnings.

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