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News posted on Tuesday, 13 December 2016

Tasting offers glimpse of the future for Australian wine
Australia Day Tasting, the event which gives a taste of things to come from Down Under over the following year, has given a glimpse of some of new releases for the trade to try when it returns to the UK next month. At the Australia Day Tasting in London earlier this year, Accolade Wines’ new general manager for the UK and Ireland Rob Harrison issued a “word of warning” that challenges lay ahead for Australian wines, which now sits below the average price of wine of £5.83 at just £5.20. “The point I want to make is a bit of a word of warning for Australia. In terms of being fit for the future I am not really sure we are exactly where we want to be."

Why these 3 companies could be the next Treasury
It has been yet another incredible year for Treasury Wine Estates Ltd and its shareholders. Thanks largely to a stunning 131% jump in statutory net profit after tax to $179 million, the wine company’s share price has rocketed higher by 25% year to date. Clearly there is a growing demand for Australian produce across the world and the company is taking full advantage of it. But it’s not the only company looking to do so. There are three other companies listed on the Australian stock exchange which I’m sure would all aspire to be like Treasury Wine Estates.

Australia: TPP outcomes at a glance
Conclusion of the TPP negotiations is the first concrete step towards realising the long-term vision of a Free Trade Area of the Asia-Pacific. With close to half of all global trade and around 72 per cent of Australia's trade flowing through this region, expanding and deepening Australia's trade and investment relationships is critical to Australia. Simplified rules and technical requirements have been put in place for several products, including wine and spirits. For example, the Australian wine industry will be able to use the same label on bottles of wine for export to all TPP countries, saving money on marketing and distribution costs.

Gentleman’s Collection raise over $61K for Movember
As part of Gentleman’s Collection’s partnership with Movember, Gentleman’s Collection, Treasury Wine Estates and Liquor Marketing Group staff have collectively raised $61,415 for the Movember Foundation. Gentleman’s Collection, with parent company Treasury Wine Estates, generated more than $40K through staff engagement, which placed TWE 10th on the Movember team leaderboard, as well as generating awareness and sign-ups through events, PR, social media and digital. Liquor Marketing Group joined Gentleman’s Collection in its support through point-of-sale in store and by encouraging staff sign-ups, which generated almost $20K for the foundation.

KAFTA: two years, more trade
It has been two years since the Korea-Australia Free Trade Agreement (KAFTA) entered into force and it has been delivering strong trade results across a broad range of sectors, playing an important role in growing economic and trade partnerships with South Korea. A statement from Minister for Trade, tourism and Investment Steven Ciobo says while tariffs have fallen, the value of fresh cherry exports has surged more than 50-fold. It goes on to say that in the first three quarters of 2016, compared to the same period in 2014 prior to KAFTA, exports of chipping potatoes and shelled macadamias had more than tripled, and there had been solid increases in exports of other products such as beef, sheep meant, pig meat and bottled wine.

Isabel Estate Vineyards founders bankrupt
The founders of a boutique Marlborough winery have been declared bankrupt, following a string of unpaid debts by a company the pair own. Michael and Robyn Tiller - the directors of Isabel Estate Vineyard in Marlborough - failed to appear in High Court last Tuesday when their bankruptcy orders were handed down. This comes more than a year after the wine company went into receivership, along with Isabel Estate Partnership and Shelby Estate Ltd, which together trade as Isabel Estate. The Tillers established the winery in 1982, however, after running into financial troubles, the vineyard and branding was sold to Pinnacle Drinks - a subsidiary of Australian grocery giant Woolworths - for more than $3 million.

Seifrieds celebrates 40th anniversary
Nelson's oldest wine estate has celebrated its 40th anniversary in sparkling style. Seifried Estate, with its beautiful wooden building surrounded by more than 250 hectares of vineyards, was started by wine industry pioneers Hermann and Agnes Seifried in 1973, when they planted their first grapes in the Moutere Valley near Nelson. They made their first wine in 1976. Hermann, originally from Austria, came to New Zealand to take up a winemaking job with the New Zealand Apple and Pear Board r in 1971.

Boris Becker fronts Accolade Wine as TWE ends UK bottling
Tennis star Boris Becker, has been announced as a brand ambassador for a new Chilean brand from Accolade Wine. Becker has become the face of Anakena, a new Chilean wine brand which was launched six months ago. The partnership expands the wine’s connections in the sporting world, having already teamed up with Jamie Murray, world number one doubles player and brother of world number one Andy Murray. According to the company, Anakena is already the fifth best-selling wine brand from Chile to the UK.

Vinous acquires Delectable and Banquet wine apps
Vinous CEO and Founder Antonio Galloni has acquired the wine apps Delectable and Banquet. Known as the "Instagram of wine," the app has been downloaded over a million times and has over 120,000 monthly loyal, unique users. Delectable allows users to scan a wine label with their smartphones and immediately pull up reviews and tasting notes from a rich community of fellow wine lovers. It's sister app, Banquet, makes it easy for users to locate and purchase wines. Collectively, the apps allow consumers to scan a label, post a review and purchase.

Crimson Wine Group Buys 66 Acres of Walla Walla Valley Vines
Less than a year after snapping up Washington's Seven Hills Winery for $5.75 million, Crimson Wine Group has purchased a significant part of the Walla Walla Valley vineyard that Seven Hills founder Casey McClellan planted. Crimson, a California-based wine firm, bought Seven Hills Vineyard from Premiere Partners IV, an investment group with multiple properties in the northwest. The deal includes 109 acres of land on the Oregon side of the border, with 52 of those acres under vine.

Vandals open taps at Italian winery
Vandals have destroyed the equivalent of 400,000 bottles of wine at the Conte Vistarino estate in Lombardy. An unknown number of intruders reportedly broke into the winery near Pavia early last week and opened seven tanks filled with wine from the 2016 harvest. Over 600,000 litres of wine, worth around €500,000, is said to have been lost. As nothing else was taken during the break-in there seems to be little doubt it was a deliberate and targeted act of sabotage.

Zonin: china ‘presents a challenge’ for Italian wine
Francesco Zonin, the vice president of Zonin has said despite heavy investment, China still presents a challenge for Italian wine producers. “There’s a lot of competition in China from other brands,” said Francesco Zonin to dbHK. “The whole world wants to be there because there’s the impression that China wants everything. But it’s taken years of hard work and investment on our part to be present.” Zonin’s heavy focus on China has resulted in the launch of a range of three wines, targeted to the China market. ‘Primo Amore’ (first love) was created purely for China’s second tier cities, including Tianjin, Chongqing, Chengdu, Wuhan and Xiamen after a two year study by Zonin into the Chinese market.

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