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Wine and spirits producer Pernod Ricard has hired Morgan Stanley and JPMorgan for a strategic review of its Australia and New Zealand business. Sales of the unit may be expected by late October, the Australian Financial Review reported. The company’s…
Accolade Wines has sold its subsidiary brand House of Arras to the Australian company Handpicked Wines, as part of its plans to focus on major markets. The deal, which will be completed before the end of November, comprises the House of Arras brand, 24…
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…
Southern Premium Vineyards has acquired 35 vineyards from wine group Casella Family Brands. The sale comprises 7215 hectares across South Australia and NSW, including water entitlements and plant and equipment attached to the vineyards. The vineyards are…
More than 100 jars of rice wine distilled with pythons, large lizards, cobras and deer have been found at two condo apartments in Hanoi. The wine had been put up for sale at the two apartments in La Khe Ward of Hanoi’s Ha Dong District. The owners of the wine…
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…
For the first time in Penfolds history, the annual Collection release in August will comprise three country of origin portfolios – Australian, Californian and the inaugural French release, showcasing Penfolds enduring ‘House Style’ in a global context.…
At the Endeavour Group Supplier of the Year Awards in Melbourne, Accolade Wines was named Supplier of the Year and Supply Chain of the Year. This award recognises the supplier that has demonstrated the agility and ability to problem solve and innovate in…
Australian government-backed industry body Wine Australia said on Tuesday that it will shut its office in Shanghai, as Australian wine imports into the Chinese market continue to slump after Beijing levied hefty tariffs on the product. It was Wine Australia’s…
Iconic Australian wines including Penfolds, Wolf Blass, Wynns, Squealing Pig and Pepperjack will be produced using 100% renewable electricity by 2024, with Treasury Wine Estates (TWE) announcing Australia’s largest winery solar installation across its Barossa…
Treasury Wine Estates said on Wednesday its operating earnings outside mainland China jumped 28per cent, underpinned by growth in its luxury and premium brands, sending shares of the world’s largest standalone winemaker nearly 12per cent higher. Treasury has…
Boxed wine is one of Australia’s most extraordinary contributions to the wine industry, also known as cardboardeaux, bag-in-box (BiB), or more commonly. Australian winemaker Thomas Angove patented the design for a one-gallon polyethylene bladder in a…
The Yarra Valley Smaller Wineries Association has introduced an online marketplace where Aussie consumers can access more than 100 handcrafted drops from its portfolio of 21 members. A first for a wine association in the country, the new marketplace helps…
Vinomofo has purchased Melbourne-based events company Revel in an effort to better ingrain itself in the events industry – betting that as life in Australia continues to move toward normality, more Australians will want to get out and attend in-person events.…
French wine lovers washed away the misery of months of coronavirus social distancing and a wet summer that weighed on wine output, welcoming the new Beaujolais in bars across the country. Every autumn on the third Thursday of November, winegrowers from the…
Australian vintner, Treasury Wine Estates Ltd. said it will buy U.S. luxury winemaker Frank Family Vineyards for $315 million, saying the deal offered a rare opportunity to bolster its high-end wine portfolio. Treasury said Napa Valley, California-based Frank…
