Last year Treasury Wine, which owns Penfolds as well as a growing portfolio of Californian premium and luxury wines, took a key step in its China wine making strategy, launching a $150-a-bottle ...

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Australia’s iconic Penfolds wine will have a new Chinese home after Treasury Wine bought a controlling stake in a 43-hectare luxury winemaker in China. Last year Treasury Wine, which owns ...

Australia’s iconic Penfolds wine will have a new Chinese home after Treasury Wine bought a controlling stake in a 43-hectare luxury winemaker in China that will broaden its exposure. Last year ...

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SYDNEY—Australia’s Treasury Wine Estates TWE-0.42%decrease; red down pointing triangle is firming plans for permanent production of its storied Penfolds brand in China with the acquisition of ...

“This acquisition aligns with our vision to grow our luxury wine presence in key international markets, while strengthening our commitment and investment in China’s wine industry,” Mr Ford sai ...

Australia’s iconic Penfolds wine will have a new Chinese home after Treasury Wine bought a controlling stake in a 43-hectare luxury winemaker in China.

Penfolds managing director Tom King (left) and Stone & Moon founder XuanHao Kang (right). Australia's largest listed wine company Treasury Wine Estates ( ...