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Treasury Wine Estates

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Treasury Wine Estates is reducing its shipments to the US and China to regain control over supply and pricing.

The end of the boozy Chinese banquet hits Australia’s largest winemaker

The $4 billion Treasury Wine Estates has suspended its interim dividend and cut its shipments to the US and China to regain control over supply and price.

  • Jessica Yun

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Sales of Penfolds in China have continued to deteriorate.

Penfolds maker’s profits set to plunge on China, US weakness

Australia’s biggest winemaker, Treasury Wines, is grappling with major issues in two of its most important markets.

  • Dominic Powell
Penfolds annual Re-Corking Clinic at The Langham, Sydney.

The theatre of uncorking $20,000 Grange: Inside Penfolds’ exclusive red wine clinics

Bottles, not money, buy you access to these health check-ups for decades-old bottles of wine, which double as an expensive marketing exercise.

  • Jessica Yun
Treasury Wine Estates began making its own China-made version of Penfolds as part of a new strategy when China imposed harsh tariffs on Australian exports.

Penfolds panic: China slump spells trouble for Treasury Wines

The company has been savaged by investors, and its stock now is near a 10-year low amid signs that its premium brand is losing its mojo in the Chinese market.

  • Supratim Adhikari
Former AFL boss Andrew Demetriou at his new private members’ club, Sanctum, inside the Pullman hotel in East Melbourne.

Party like Snoop Dogg: Inside the AFL grand final after-parties

Grand final tickets are notoriously difficult to secure but a ticket to one of the exclusive grand final parties are even trickier to get.

  • Cara Waters and Stephen Brook
Universal Store chief executive Alice Barbery.

Subway’s new challenger, the next Penfolds: Six ASX chiefs on what’s next

Furniture, wine, milk and pies: the chiefs of Australia’s biggest retailers reveal what they’re plotting for the new financial year.

  • Jessica Yun
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The 2018 Penfolds Grange has a price tag of $1000 per bottle, the most expensive ever for a new release of the wine.

A toast: The US-European wine war has produced a big Australian winner

The size of Donald Trump’s proposed tariff on European booze is big enough to stop trade in its tracks, but it could be good news for the owner of Penfolds Grange.

  • Elizabeth Knight
ASIC chair Joe Longo.

Corporate watchdog wants Australian boards to do better

ASIC chair Joe Longo wants Australian companies to improve the overall quality of their boards, amid ongoing discussions in corporate Australia on the role of diversity policies.

  • Sumeyya Ilanbey
Drinkers are shunning cheap wine – and so are potential buyers.

Penfolds maker Treasury Wine rules out axing unpopular cheap brands

Wolf Blass, Lindemans, Yellowglen and Blossom Hill were on the chopping block – but failing to find a buyer at the right price, Treasury Wine will keep them.

  • Jessica Yun
Qantas, Treasury Wine and Brambles chairman John Mullen has indicated he is in the process of reducing his board director commitments.

‘I am dealing with it’: The chairman of some of Australia’s biggest companies vows to reduce workload

John Mullen is currently the chairman of ASX-listed companies Qantas, Treasury Wine Estates and Brambles, raising concerns that he has become overloaded.

  • Jessica Yun