Treasury’s lessons in China
When it comes to China, Australian exporters need to learn from past mistakes.
Treasury Wine
ASX rallies 1.3pc; best day in three months
Newcrest jumps on higher Newmont bid. Treasury Wine rallies as China mulls sanction removals. Latitude receives ransom demand. Consumer sentiment jumps on rate hold.
US wine market ripe for growth, says Treasury boss
Treasury Wine Estates, the makers of Penfolds, is on a mission to recruit the next generation of US wine drinkers.
Snoop Dogg talks more than gin and juice with wine team
It was a mix of business and pleasure as US rapper Snoop Dogg and his entourage dropped in on Treasury Wine Estates CEO Tim Ford at the winemaker’s Melbourne HQ on Friday.
Seeley helping wineries keep barrel angels at bay
Seeley’s Climate Wizard technology is helping wine companies, including listed giant Treasury Wine Estates, save huge sums of money through temperature control.
Treasury Wine has eye on China reopening
The winemaker’s chief executive Tim Ford has worked hard to keep the China fires burning in the face of punitive tariffs imposed in late 2020.
TWE feels pinch as sales slow
Treasury Wine Estates’ earnings soar as luxury wine sales gain, but missed sales and profit targets drives its share price 7 per cent lower.
Banks push ASX to biggest fall in six weeks
Bourse at four-week low. CBA margins prompt selling of banks. Corporate Travel, Treasury Wine dives on misses. Cochlear jumps on buyback. Star rockets 14 per cent.
ASX declines in worst week since September
Shares end at a three-week low after RBA’s ‘hawkish’ update. CBA warns rate cut needed in 2023 to avoid recession. Coal miners hammered. Allkem CFO dies of illness.
Aussie CEOs put China trips back on agenda
Local bosses including Treasury Wine Estates’ Tim Ford are making plans to head to China next year with political ties easing and its Covid-19 restrictions ending.
We’ll weather economic downturn with premium wine: Treasury
The Penfolds producer says it isn’t seeing a shift in consumer spending despite financial uncertainty around the world.
ASX jumps 1.7pc; tech rockets; St Barbara dives
ASX soars as US futures rally. Tech enjoys biggest gain in four weeks, St Barbara hammered on downgrade, Adbri hits 18-year low and Zenith places Magellan under review.
AGMs will become mini reporting season, Macquarie says
The investment bank has nominated its top picks for an annual meeting jump – although it says stocks tend to underperform in the weeks after the shareholder vote.
Luxury wine boost for Treasury sales
A thirst for premium and luxury wine in the US, could boost Treasury Wine’s North American business.
Treasury uncorks Penfolds’ potential
Treasury Wine Estates is banking on its luxury Penfolds brand to accelerate the company’s growth while China remains closed off.
An insight into the state of China
As companies release their annual results over the next two weeks, more will be revealed about the state of Australia’s relationship with its largest trading partner.
Penfolds win a slight thawing of a frosty China
China’s ambassador to Australia says Beijing views the federal Labor government as having the potential to reset the relationship between the countries. Penfolds may be an early beneficiary.
Rare Aussie victory in China against Penfolds copycat
Treasury Wine Estates scores a win against Chinese-Australian company Rush Rich, which it alleges has been copycatting its Penfolds wine in China.
Germans pocket $23m profit on industrial sale
Germany’s AM alpha has capitalised on the red hot industrial market, bagging a $23m profit on the sale of an Adelaide warehouse just a year after its purchase.
Treasury Wine’s bold move in China
The winemaker’s plans to make its up-market Penfolds wine in China will stand it in good stead in the long term as the Chinese market continues to grow.
Treasury’s 216 million bottle a year Barossa site unveiled
Treasury Wine Estates says its new $165m bottling operation in the Barossa Valley is the largest in the southern hemisphere.
Drinkers go premium despite inflation, says Treasury Wine boss
Treasury Wine boss Tim Ford believes consumers will continue to gravitate to more premium wines despite the rising cost of living.
TWE rebuilds after loss of China market
The bruising trade war with China has sunk sales of Penfolds, but its owner Treasury Wine Estates has seen strong demand for the luxury wine brand in other parts of Asia.
TWE shows way on China
Treasury Wine Estates’ results are a sharp reminder of two factors in terms of Australia’s dealings with China.
China hostility hurts Aussie wine giant
The wine producer behind the iconic Penfolds brand says it is out of the “recovery” stage after being hit hard by China’s market “closure”.
Penfolds wine detained by China customs
Despite crippling tariffs and a crackdown on Australian wine by China, the pricey favoured drop is still finding its way into the country as Chinese drinkers miss Penfolds, CEO reveals.
Solid ASX finish; Treasury Wine, Liontown soar
ASX closed 1.1 per cent higher, driven by healthcare, real estate and financial stocks. Liontown surged on Tesla deal, CSL and Treasury Wine jumped on solid interim results and business credit demand bounced back.
TWE lobbies UK on wine tax regime
Treasury Wine Estates is lobbying for the British government to reconsider a new tax regime for wine imports that threatens to wipe out any benefit from a free trade agreement.
Out of jail, it’s 19 Crimes for Martha Stewart
Treasury Wine Estates has another high-profile celebrity as the face of its cult American wine 19 Crimes: Martha Stewart.
The making of Eldorado Road wines
The present-day Australian wine industry is the result of a Game of Thrones saga that began in 1961.
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