Treasury Takes Stock
By curtailing concentration on the US and UK and focusing on China, Treasury Wine Estates has increased sales in the first half of the year, compared to the same timeframe from last year. Treasury is owner of Penfold’s, and its results were commensurate with Wine Australia’s numbers. They plan to keep the momentum up with a new warehouse in Shanghai coming soon. The future looks bright for Shiraz-lovers who want to buy fine wine in China!