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.
Treasury Wine
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.
Time to uncork the optimism, says TWE boss
Treasury Wine Estates boss Tim Ford has elevated the reopening of Australia to skilled labour as the key economic issue for 2022.
TWE raises the bar on employee DV policy
Treasury Wine’s support for its staff facing domestic violence lifts the minimum standards demanded of employers.
Penfolds owner buys Napa Valley winery for $434m
The maker of Penfolds and Wolf Blass has spent billions buying up wineries in California’s famed Napa Valley and has now bought its latest winemaker in the region.
ASX200 gains 0.1%; Evolution up 9.7%
Australia’s S&P/ASX 200 index stabilised despite further falls in banks, with Evolution up 9.7%, Telstra at a 4-year high, and Macquarie at a record. ANZ tips housing slowdown and CBA boosts Nick Scali stake.
Treasury Wine warns of slow rebound
Recovery from Covid-19 lockdowns in key markets has been weaker than expected, the Penfolds and Wolf Blass maker says.
Treasury Wine Estates going green
Treasury Wine Estates has signed up to a pledge to switch to 100 per cent renewable electricity by 2024 across its global operations.
Treasury toasts two-tier strategy
Treasury Wine Estates chief executive Tim Ford believes he can walk both sides of the wineshop aisle.
ASX closes 0.5% lower, BHP, Fortescue drop
The ASX 200 closed 0.5 per cent lower, extending its losses for a fourth day in a row. Unemployment falls to 13-year low. Newcrest record profit. Treasury Wine ups dividend. Origin, S32 losses.
Bumper warehouse sale to German group
A German investment group has paid close to $100m for Treasury Wine Estates’ distribution facility in Adelaide’s north.
Treasury Wine to trial robotics in vineyard
Tech start-up The Yield and Japan’s Yamaha Motor Co will trial a new unmanned vehicle in Treasury Wine Estates vineyards.
Treasury Wine promises profits
Treasury Wine Estates chief executive Tim Ford is determined to rebuild the winemaker’s growth credentials despite a shuttered Chinese market.
More Penfolds wine heading our way
Penfolds admits it neglected its home market while chasing big profits in China. But will Australian wine lovers welcome its planned homecoming?
TWE’s $100m cash boost in new US deal
Treasury Wine Estates expects an additional $100m cash boost as part of a new licensing deal with US giant, The Wine Group.
TWE shares spike on takeover talk
Pernod Ricard, owner of brands such as Chivas Regal and Absolut Vodka, has been rumoured as a potential suitor for Treasury Wine.
ASX cools gains in late trading
The local sharemarket erased most of a spectacular 1.75 per cent early gain on Monday, ending the day just 29 points higher.
ASX flat but Penfolds owner dazzles
The ASX closed flat on an eventful day, with Penfolds’ owners hitting a six-month high, while an FMG cost blow out that claimed scalps.
ASX finishes flat, BoQ to buy ME Bank
The ASX 200 finished flat amid mixed trading, as Treasury Wine shares powered back and BoQ made a move on ME Bank.
Winemaker’s vintage China move
As Australia’s ties continue to deteriorate, one company is proving to be a textbook case on dealing with China in 2021.
Treasury details ‘bold’ wine split
Treasury Wine Estates will split its operations into three and sell unwanted US brands, as China tariffs take their toll on profits.
ASX books first fall in 3 days, Rio posts bumper profit
Australia’s sharemarket fell for the first time in three days while Rio Tinto ended a bad year with a big profit.
Penfolds’ California dreaming a reality
The timing is perfect … with a trade war all but destroying wine sales to China, Penfolds is bringing the famed Napa Valley into the fold with a $950 Quantum leap.
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