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The new McGuigan Black Label Mid is the first mid-strength wine launched under the Australian winemaker. Consumers call for quality and variety in the rapidly expanding mid and low-alcohol category. Promising the same full-bodied, fruity flavor of the iconic…
Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on Australian wine. The world’s biggest standalone winemaker has been re-directing supply of its…
Chinese winemaker Legacy Peak, which started producing grapes more or less by accident in 1997, symbolizes the rapid growth of an industry that now wins accolades in global markets, but it once came close to giving up. “We wanted to pull out all the vines and…
Importers of fine wines are cutting the prices of their products by as much as three-quarters amid a drop in demand. The fire sales are prompted by a huge oversupply of wine that had built up after a swarm of importers jumped at seemingly stellar growth from…
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