- Reuters
Treasury Wine to resume distribution in China after import tariffs end
Treasury Wine will use partnerships with customers in China to distribute its Penfolds entry-level Australian origin portfolio as well as its Premium Brands Australian-sourced priority portfolio, it said. In addition to resuming distribution, it plans to expand sales and increase its marketing resources and brand investment in China. Sales diminished after tariffs of up to 218.4% were first imposed in March 2021 for a period of five years along with other trade barriers on Australian commodities when ties soured after Canberra called for an investigation into the origins of COVID-19.
- Reuters
Treasury Wine says it is ready to ship Australian bottles to China
(Reuters) -Shares of Treasury Wine Estates shot to a three-month high on Thursday after the company, one of the world's biggest wine makers, said core profit met expectations and it was ready to resume shipping Australian wine into China. China accounted for one-third of Treasury's profit before Beijing imposed tariffs on Australian wine in 2020, effectively ending shipments. However, relations between Canberra and Beijing have improved and the Australian government and wine industry expect the tariffs to lift in the coming weeks.
- Insider Monkey
20 Wines that aren’t Cheap but are Worth the Price
In this article, we are going to discuss the 20 wines that aren’t cheap but are worth the price. You can skip our detailed analysis of the global wine market, wine tourism in the United States, and the rise of non-alcoholic wine, and go directly to 5 Wines that aren’t Cheap but are Worth the […]
