Troubled drinks giant Treasury Wine Estates is to shut its Rosemount Ryecroft winery in Australia’s McLaren Vale as part of a cost-cutting initiative.
A collection of Penfolds Grange spanning every vintage it was made from 1951 to 2010 has gone on sale at fine wine store Le Clos in Dubai for £358,596.
Chief executive Michael Clarke has retaliated against criticism from small retailers, saying they are too quick to get upset when big outlets get better deals.
The 2010 Penfolds Grange was released yesterday and joined eleven other wines, spanning five vintages (2010-2014), to form The Penfolds Collection.
Penfolds is launching Grange 2010 today – a vintage where “nothing went wrong” according to the brand’s chief winemaker, Peter Gago.
Treasury Wine Estates is looking to water vines underground and increase fermentation capacity to help mitigate the impact of climate change on its vineyards.
Tippling Club and Australian winery Penfolds have collaborated on a new private dining room above the famous Singapore restaurant.
Heathrow is one of the world’s busiest airports and, as a result, sells a serious amount of wine. Here are the top 10 wines sold by value.
Australia’s Treasury Wine Estates has received formal takeover offers from two private equity firms, according to the Australian Financial Review.
InterContinental Hotels in China has dropped Australian brand Penfolds from its wine lists over fears of being embroiled in a trademark battle.
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