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Tag Archive: Penfolds

BlockBar: Creating A Marketplace For Drinks Brand NFTs

In the not-so-distant past, luxury spirits investors made their purchases through auction houses, in travel retail shops, or at select high-end retailers. Continue reading →

Posted in News on May 4, 2022

News Briefs for April 7, 2022

•Tony May, a giant of Italian food and wine in the U.S., died at age 84 on April 3 after a brief illness. Continue reading →

Posted in News on April 7, 2022

Australian Wine Category Premiumizes As Overall Volume Declines

Australian table wine export shipments to the U.S. were down 8% to 8.1 million 9-liter cases last year, excluding bulk. Continue reading →

Posted in News on March 17, 2022

Treasury Wine’s Reshaped Americas Business Drives Luxury Growth

Treasury Wine Estates’ strategy to revamp and premiumize its Americas unit appears to be bearing fruit. Treasury Americas saw net sales revenue increase 13.6% on an organic basis to A$466 million ($333m) in its fiscal first half through December, while EBITS surged 46% to A$85 million ($61m). Continue reading →

Posted in News on February 16, 2022

Treasury Wine Estates Posts Double-Digit U.S. Gains As Premiumization Effort Continues

Treasury Wine Estates (TWE) revealed a solid set of numbers for its U.S. and global businesses last night, with overall revenues up 4.4% to A$2.6 billion ($1.86b) and EBITS rising 3.5% to A$510 million ($366m), even as the company navigated the global pandemic and prohibitive tariffs in the key Chinese market. Continue reading →

Posted in News on August 19, 2021

News Briefs for March 31, 2021

•O’Neill Vintners & Distillers is extending its Line 39 brand with a range of wine-based spritzers. Continue reading →

Posted in News on March 31, 2021

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