News Articles for Treasury Wine Estates

OPINION: With young people turning away from wine, maybe it's time to tone down references to crushed shortbread, cigar box notes and mouthfeel.

Penfolds owner Treasury Wine Estates has hiked its dividend and signalled growing optimism in overseas sales while revealing a profit slide of 61 per cent.

Our weekly appointments wrap includes Simon Taylor, Terry Hill, Deena Shiff, David Flanagan, Patrick Walsh, Margaret (Margie) Tannock, John Mullen, Tim Marney, Steve Martin and Steve Thomas.

Consumer sentiment is switching to a more conservative spending cycle.

WA's wine sector provides quality produce and a rich business tapestry for business reporters.

WA wine producers are managing the fallout from COVID-19 restrictions and China tariffs.

Treasury Wine Estates will move its luxury wines from China to other countries, and slash costs, due to hefty levies put on Australian wine exports.

Federal Agriculture Minister David Littleproud has rejected the basis of anti-dumping duties imposed by China on Australian wine imports and said the Australian government would fight the claims.

Prime Minister Scott Morrison has hosed down speculation China is planning further trade sanctions on Australian products.

Exports, tourist numbers, and cellar door sales have been disrupted in the past few months, putting some WA wineries under pressure.

Western Australia's largest wine producer has increased its dominance of the sector in a year when many producers were affected by extreme weather events.

If WA's wine industry isn't exactly booming today, it could be a different story soon.

About 30 small Western Australian food and beverage businesses have made the big leagues, winning contracts that contribute to $150 million committed to suppliers across five years at Optus Stadium.

Perth-based IT firm Velrada has announced a $10 million contract to support the expanding Pilbara operations of global facilities management company Sodexo.

South Australia has become a major growth driver for Perth-based IT company Velrada, which is enjoying a period of rapid expansion.

With the resources sector in the doldrums, another of Australia's traditional strengths – agriculture – is standing tall.

FEATURE: Established wineries are setting their sights on longer-term goals as the sector recovers from the issues of the past decade, and faces new challenges.

As if commodity price uncertainty and falling consumer confidence weren't bad enough, now the weather is conspiring to dent WA's economy.

THE challenging state of the wine industry has been illustrated by Ferngrove Vineyards' financial reports, which reveal the business has incurred losses totalling $14.1 million over the three and a