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The Latest Breaking News from Treasury Wine Estates

Down the drain: Penfolds maker falls into the red

Treasury Wine Estates has delivered a huge earnings loss on the back of large writedowns of the value of its US assets and supply chain issues.

AAP

FED:Penfolds maker focuses on top drops as tastes shift

Treasury Wine Estates believes its future lies in focusing on its top 10 "power" brands, including its flagship Penfolds reds, to improve shareholder returns.

AAP

FED:Penfolds maker eyes 'power' wines as palates shift

Treasury Wine Estates believes its future lies in focusing on its top 10 "power" brands, including its flagship Penfolds reds, to improve shareholder returns.

AAP

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Penfolds maker focuses on top drops as tastes shift

Treasury Wine Estates believes its future lies in focusing on its top 10 "power" brands, including its flagship Penfolds reds, to improve shareholder returns.

AAP

Aussie shares rise at start of a busy earnings stretch

The Australian Securities Exchange has finished up 0.2 per cent as companies including JB Hi-Fi, Treasury Wine Estates and A2 Milk report earnings.

AAP

Glass half full: Penfolds owner 'excited' despite loss

Treasury Wine Estates has posted a bottom-line net loss, but is confident ongoing efforts to cut costs and maintain healthy sales channels will bear fruit.

AAP

Penfolds owner's earnings sour on China 'grey' wine woe

Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to problems in China and the US.

AAP

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Penfolds owner's return to China not going as planned

Treasury Wine Estates had high hopes for the Chinese market after Beijing dropped crushing tariffs on Australian imports.

AAP

Jacob’s Creek, Campo Viejo … the wines I grew up with are suddenly as relevant as Blue Nun

The commercial brands that flavoured my youth are being sold off, but there are still consistently good bottles under £10, if you look hard enough

The Guardian - UK

China lifts steep Australian wine tariffs as relations improve

Beijing imposed the tariffs in 2020 during a diplomatic feud, raising duties from zero to above 200 percent.

Al Jazeera

Australian Wine Industry Toasts Expected End To China Tariffs

The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.

International Business Times

Treasury Wine's Profit Meets Expectations; China Tariff Review Key

Treasury Wine, an Australian company, sees its profit meet expectations, leading to a jump in stock prices. All eyes are now on the upcoming China tariff r...

Top News

Lendlease Group hit with first strike after $232m loss

Lendlease has joined Qantas, Woolworths, Treasury Wine Estates, Magellan Financial and Whitehaven Coal in being slapped with a "first strike" on executive pay.

AAP

Treasury buys luxury Californian vineyard in $1.6b deal

Penfolds owner Treasury Wine Estates will acquire Californian luxury wine brand DAOU Vineyards for a deal worth up to $1.6 billion as it eyes a US expansion.

AAP

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AAP

Treasury Wine Estates gets 'first strike' over exec pay

Nearly half of all votes at Treasury Wine Estates' annual general meeting were cast against the renumeration plan for its top executives.

AAP

Treasury Wine to shut rural winery as costs sour palate

Australia's biggest winemaker will shut down a winery in regional Victoria due to cost pressures and shifting demand, leaving 60 people out of the job.

AAP

Treasury shares in the red after bottling profit target

Penfolds maker Treasury Wine Estates' solid profit increase wasn't enough to pacify the market, with shares plunging into the red after missing expectations.

Daily Mirror

Rapper Snoop Dogg launches his own wine brand for 'non traditional' drinkers

Snoop Dogg follows a long list of celebrities launching their own wine ranges with Kylie Minogue, Graham Norton and Philip Schofield amongst the most successful

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ABC News

Iconic South Australian wine brand Penfolds to launch 'made in China' vintage in effort to skirt Chinese tariffs

Penfolds parent company Treasury Wine Estates will release its first "made in China" vintage to the domestic market later this year.

ABC News

ASX rises, Fortescue Metals and CSL report weaker profits from COVID-19 restrictions

The Australian share market rises in afternoon trade, soaring oil and gas prices boost Santos' profit, while Fortescue Metals, CSL and Treasury Wine Estates reveal the impact of COVID-19 on their earnings.

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