The Australian wine group Accolade Wines is looking into selling the well-known Banrock Station winery in the Riverland. However, the brand will not be part of the deal.
Observers of the heady growth in Australian exports to China from 2016 to the end of the decade ignored a downward trend in Chinese wine consumption that began in 2018. OIV statistics reveal that this trend has continued during the Covid pandemic.
Denys Hornabrook launched VINEX as a global B2B trading platform for bulk wine in 2015. Four years later, bottled wines were added to the mix. While the business is international in its focus, Hornabrook's own experience in Australia where he was educated and worked for BRL Hardy and Kingston Estate, gives him unique insight into the current plight of that nation's wine industry in the wake of Chinese sanctions.
Treasury Wine Estates Ltd (TWE) confirms the majority acquisition of Château Lanessan in the Haut-Médoc. The move doubles the Penfolds brand's production capacity in France.
Unconfirmed reports suggesting that Beijing has blocked the importation of all Australian and New Zealand goods are denied in both countries, while China remains silent.
Will Penfolds decision to launch super-premium French, Californian and French-Australian and California-Australia blends under its own label inspire others to follow its example? Robert Joseph reports.
Tradition demands the participation of individuals who are dedicated to preserving it. For the Trentino winegrowers’ cooperative Mezzacorona, this involves safeguarding the indigenous grape varieties Teroldego and Marzemino, showcasing their qualities both as monovarietal wines and in blends.
