Big consequence of Chinese tariffs
One of Australia’s major wine exporters says China’s latest tariff slap will cost local jobs and hurt the ‘lifeblood’ of the industry.
One of Australia’s major wine exporters says China’s latest tariff slap will cost local jobs and hurt the ‘lifeblood’ of the industry.
Treasury Wine Estates reveals it stopped shipping wine to China a month before Beijing’s tariff hit, which has forced a pivot to new markets.
TWE boss Tim Ford is on Monday expected to reveal his strategy to replace more than $500m in sales snuffed out by China’s high tariff wall.
The nation’s biggest publicly listed winemaker is expected to detail on Monday the threat to its multi-billion-dollar business in China.
China wine tariff news hits producers, accelerating S&P/ ASX 200 falls on Friday.
China’s government has sent a clear message to Canberra that its trade fight is serious.
Jun Bei Liu sees a pocket of sharemarket opportunity in the threat of China trade tariffs on Australian goods.
Stocks closed firmly higher as Joe Biden inches towards victory, while James Packer is criticised at Crown inquiry and Treasury Wine pauses Penfolds demerger.
Treasury Wine Estates boss Tim Ford is caught in a crisis that he had nothing to do with but threatens to halt his immediate growth prospects.
Treasury puts its exploration of a demerger of its key Penfolds label on ice while it deals with the fallout of COVID and a new trade hit.
The prickly trade ties between China and Australia look to have further ensnared Australia’s biggest winemaker.
Treasury Wine Estates boss Tim Ford is wondering if the Chinese government will impose a temporary duty on his Penfolds exports to China.
More Chinese partnerships may be the only way forward as TWE prepares to spin off Penfolds while answering to dumping claims.
China’s Ministry of Commerce has targeted Treasury Wine Estates, Casella and Australian Swan Vintage as part of its dumping investigation into Australian wine exports.
Treasury Wine Estates and the Australian wine industry have vowed to co-operate fully with the latest move by China’s Ministry of Commerce to investigate the industry.
Treasury Wine took another battering, with investors worried about the implications of Beijing’s anti-dumping investigation.
China says its anti-dumping probe is ‘normal’, but added it hoped Australia would ‘do more things that are conducive to mutual trust’.
Treasury Wine Estates, the nation’s biggest winemaker was only last week touting a rebound of sales into China.
Every Australian export sector, with the exception of mining, is threatened by escalating trade tensions with China
From China’s perspective, wine is the perfect scapegoat.
Treasury chief Tim Ford is putting navigating the winemaker through the pandemic over a potential demerger of Penfolds.
China is the only place in the world where TWE is launching its new releases with face-to-face events at the moment.
The owner of luxury wine brand Penfolds says the coronavirus pandemic has impacted the company’s ability to sell wine in major overseas markets.
The release of Treasury Wine Estates’ annual results on Thursday will provide another valuable insight into the strength of Australia’s trade with China.
For a man about to launch a $950 bottle of red wine in the midst of a global recession, Tim Ford is extraordinarily positive.
Treasury Wine Estates is sitting on a golden opportunity to ratchet up its market share in the core growth market of China.
Shares in Treasury Wine slumped as it blamed red tape for holding up Australian shipments of wine to China.
Treasury Wine Estates has launched legal action against alleged Penfolds copycat Rush Rich in the Federal Court.
Treasury Wine Estates will pay $49m to settle a shareholder class action.
Treasury Wine Estates has settled a shareholder class action alleging disclosure obligation breaches for $49m.
Original URL: https://www.theaustralian.com.au/topics/treasury-wine/page/5