Treasury Wine Estates has announced that it is acquired the remaining half of Rapaura Vintners Limited from Babich Wines Limited.
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Mixed business reaction to Asian Century white paper
The federal government’s Australia in the Asian Century white paper has been criticised as lacking in detail and doing little to address the uneven playing field faced by businesses looking to trade there.
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Pundits urge Aussie wine producers to emphasise quality in exports
Two guest judges at the Royal Melbourne Wine Show this year have urged Australian winemakers to emphasise their quality wears.
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Chinese demand for Australian wine on the way up
Australia’s reputation as a wine producer and its sales to China are both on the way up, reports a Chinese news service.
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Wine manufacturing declines
IBISWorld’s latest report on wine manufacturing in Australia has revealed that the industry is in the middle of a downturn.
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Earnings growth slows, exec pay frozen at TWE
The Australian reports that Treasury Wine Estates is imposing a pay freeze on its executive team and is forecasting a small decline in earnings growth this year.
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Jacob’s Creek benefits from Chinese thirst
Jacob’s Creek’s owner Pernod Ricard has credited strong demand from emerging markets such as China and an increased focus on premium wines with an increase in global sales.
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