Tag Archive: Penfolds
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, 2022Australian 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, 2022Treasury 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, 2022Treasury 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, 2021News 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, 2021Wine Spectator: Penfolds’ Peter Gago Talks Blending California And Australia
The most famous Down Under winery has gone Up Above. Australia’s Penfolds recently unveiled its latest endeavor, a lineup of four California-based wines from vineyards in Napa, Sonoma, and Paso Robles. Continue reading →
Posted in News on February 25, 2021
