The risks are rising for investors in Treasury Wine Estates, the maker of Penfolds and Wolf Blass, as fallout from the China trade war reverberates with a push by a Chinese entity to have the Chinese Government impose restropective tariffs on Australian wine imports.
Treasury is in the spotlight because it produces more than 40 per cent of Australia's $1.26 billion in annual wine exports to that country.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
