News

Penfolds lays claim to producing the most expensive bottle of Australian wine ever. Its chief winemaker explains what’s behind its 176 years of success.

It has been 176 years since Aussie wine producer Penfolds was founded. A bottle of wine from the South Australian wine producer recently broke a record after it sold for $103,555. Penfolds chief winemaker Peter Gago shared what contributes to the company’s longevity. Visit Business Insider Australia’s homepage for more […]
Penfolds lays claim to producing the most expensive bottle of Australian wine ever. Its chief winemaker explains what’s behind its 176 years of success.
Markets

Profit at Treasury Wine Estates is up by a third

Treasury Wine Estates posted a 34% rise in net profit after tax of $360.3 million on the back of booming sales in Asia. The company, the owner of premium brands including Penfolds, declared a fully franked final dividend of 17 cents a share, bringing the full year shareholder payout to […]
Profit at Treasury Wine Estates is up by a third
Lifestyle

Wynns has a wine ‘day’ that’s actually worth celebrating

Did you realise that May 6 was International Sauvignon Blanc Day? (So sorry I missed it…. ) And today is International Albariño Day. (Hmmm…) Seems like every month now has several days claimed as some sort of wine day and christened with a marketing moniker of dubious value. So when […]
Wynns has a wine ‘day’ that’s actually worth celebrating
Lifestyle

Penfolds is going to make wines in the USA

Australia’s most famous winemaker, Penfolds, is looking to America for inspiration as Treasury Wine Estates’ (TWE) leading brand looks to extend its influence. Penfolds will begin making wines using grapes from California’s Napa Valley from the 2018 harvest. Penfolds chief winemaker, Peter Gago, said they plan to introduce Californian-sourced wines […]
Penfolds is going to make wines in the USA
Markets

China is drowning in cheap Penfolds wine

Penfolds is popular in China, but the preference is for more expensive labels in the range, rather than entry level wines such as Rawson’s Retreat. The company’s share price plummeted more than 11% after the AFR spoke to Chinese distributors who claimed up to 800,000 cases of cheap Treasury Wines […]
China is drowning in cheap Penfolds wine
Markets

Treasury Wine Estates smashes profits and increases dividends

Treasury Wine Estates, the owner of premium brands including Penfolds, reported a 37% increase in after tax profit to $187.2 million for the year year to December on the back of strong sales in Asia. The company increased dividends to 15 cents a share, 75% franked, up two cents on […]
Treasury Wine Estates smashes profits and increases dividends
Markets

Shares in Treasury Wine Estates are rallying

Shares in Treasury Wine Estates jumped after the company reaffirmed its growth outlook for Asia. A short times ago, the shares were up 6.2% to $12.94. The owner of the Penfolds and Wolf Blass brands says it continues to have a positive outlook for the imported wine market in China […]
Shares in Treasury Wine Estates are rallying
Markets

Treasury Wine Estates has doubled its profits

The turnaround of the maker of iconic Australian wine brands Penfolds, Wolf Blass and Wynns is complete. Treasury Wine Estates more than doubled net profit after tax to $136.2 million for the half year to December as the company positions itself as as a premium quality wine maker rather than […]
Treasury Wine Estates has doubled its profits
Lifestyle

Penfolds is jacking up the price of Grange to an incredible $850

The price of Penfolds Grange, a golden goose made from grapes for Treasury Wine Estates, will jump another 8.3% to a new record of $850 when the 2012 vintage is released on October 20. It’s the first price increase in two vintages, when Penfolds shifted the release date from Autumn […]
Penfolds is jacking up the price of Grange to an incredible $850
Markets

Treasury Wine Estates CEO Michael Clarke just got a 30% pay rise

Michael Clarke, the CEO of Treasury Wine Estates, has just been given a $500,000 pay rise, bringing his base pay to $2.2 million. It’s his first increase since he started in the job two years ago but is still below the average $3.8 million paid to chief executives of ASX […]
Treasury Wine Estates CEO Michael Clarke just got a 30% pay rise