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Treasury Wine Estates

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The 2018 Penfolds Grange has a price tag of $1000 per bottle, the most expensive ever for a new release of the wine.

A toast: The US-European wine war has produced a big Australian winner

The size of Donald Trump’s proposed tariff on European booze is big enough to stop trade in its tracks, but it could be good news for the owner of Penfolds Grange.

  • Elizabeth Knight

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ASIC chair Joe Longo.

Corporate watchdog wants Australian boards to do better

ASIC chair Joe Longo wants Australian companies to improve the overall quality of their boards, amid ongoing discussions in corporate Australia on the role of diversity policies.

  • Sumeyya Ilanbey
Drinkers are shunning cheap wine – and so are potential buyers.

Penfolds maker Treasury Wine rules out axing unpopular cheap brands

Wolf Blass, Lindemans, Yellowglen and Blossom Hill were on the chopping block – but failing to find a buyer at the right price, Treasury Wine will keep them.

  • Jessica Yun
Qantas, Treasury Wine and Brambles chairman John Mullen has indicated he is in the process of reducing his board director commitments.

‘I am dealing with it’: The chairman of some of Australia’s biggest companies vows to reduce workload

John Mullen is currently the chairman of ASX-listed companies Qantas, Treasury Wine Estates and Brambles, raising concerns that he has become overloaded.

  • Jessica Yun
Penfolds is lifting its prices again amid greater global demand as Chinese customers snap up bottles of the top drop.

Why you’ll be paying more for Penfolds’ top drops this year

China’s scrapping of wine tariffs has lifted demand and put pressure on global supply, leading Treasury Wine Estates to raise prices.

  • Jessica Yun
The country’s largest wine producer says sales of its Penfolds brand are booming in China.

Penfolds hikes prices in bid to reclaim top billing in China

Treasury Wine Estates is doubling headcount in China to re-establish the Penfolds brand as China’s top luxury drop – and has flagged global price increases.

  • Jessica Yun
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Wall Street is having a mixed session.

ASX slides despite Wall Street rebound

Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower, despite a US equities rebound overnight following its steep sell-off.

  • Millie Muroi
Treasury Wine Estates chief executive Tim Ford said the group continued to see long-term growth opportunities in the luxury wine segment.

Penfolds maker buys Californian luxury winemaker for $1.6 billion

Treasury Wines is upping its bet on the high-end market for wine with a deal to buy the fastest-growing luxury wine brand in the US.

  • Emma Koehn
Nantong province, China, November 2020: Bottles of wine imported from Australia are displayed for sale at a supermarket in Nantong Free Trade Zone.

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.

  • Jessica Yun
Daily gambling limits for poker machine users will be enforced in Victoria.

Sydney Uni’s new gambling research centre funded by gambling companies

The university’s new research centre is bankrolled by the International Centre for Responsible Gambling, funded by some of Las Vegas’ biggest casino operators.

  • Kishor Napier-Raman and David Estcourt

Original URL: https://www.brisbanetimes.com.au/topic/twe-1kl