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Today's Top Story

Treasury Wine Estates shares tipped to hit $21

Bank of America Merrill Lynch analyst David Errington has lifted his 12-month price target on Treasury, the maker of Penfolds and Wolf Blass, to $21 from a previous $18 on the strength of a booming Australian grape harvest and strong sales in the US from brands targeted at a younger age group such as 19 Crimes and […]

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Today's Headlines

Tas wine sector worth more than $115M annually

A new report has found the Tasmanian wine sector conservatively contributes more than $115M annually to the Tasmanian economy, placing it in the state’s top ten sectors. Commissioned by Wine Tasmania, respected University of Queensland’s Economics Professor John Mangan analysed the wine sector’s contribution across agriculture (vineyards), manufacturing (wineries) and tourism (cellar doors and wine […]

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Europe’s wine woes may improve with Aus

A downturn in European wine production has led to a shortage of wine, but the true impact on Australia is still be calculated. A nightmare vintage in the large production areas of Europe had wiped out a big chunk of global wine supply, according to industry body Wine Australia. Source, ABC

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Treasury Wine Estates appoints new CMO

Australia’s Treasury Wine Estates (TWE) has appointed a new global chief marketing officer following the departure of its former CMO Simon Marton, who has stepped down from the role after more than 20 years with the company. Marton’s role has been filled by Treasury’s former marketing chief for the Americas, Michelle Terry, who joined TWE […]

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Higher prices do not discourage investors

With current tight global inventories, higher prices are now assumed and accepted by buyers, while innovation in wine is increasing. Beverage categories are blending and demand for organic wine is growing, even if this has taken longer than initially anticipated. These are just some of the trends observed at the world’s leading wine and spirits […]

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New wine fountain could be coming to Marlborough

It sounds like the stuff of dreams, but a wine fountain in Blenheim, New Zealand could perhaps become a reality.At a meeting about the Marlborough Mile tourism project, the chairman of the Blenheim Business Association Antony Mullen suggested a wine fountain could promote Marlborough as the home of world-class wines. Source, Drinks Business

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NZ Savvy in a can doubles sales in US market

Sales of a hopped Marlborough Sauvignon Blanc in a can called Gooseberry Bomb have doubled in the US for New Zealand winery Allan Scott Wines. The second version – the 2017 vintage – of the hopped canned wine have skyrocketed in the US market over the last 12 month , according to Allan Scott Wines […]

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Bordeaux vineyards are finding buyers from China and Australia

Two vineyard transactions in Bordeaux in the past month signal interest from overseas buyers in the region’s wine labels and production potential, amid a run of improved vintages since 2014. Chateau Vieux Paquillon, an AOC Montagne Saint Emilion estate with 12.6 hectares (31 acres) of land, of which 9.9 hectares is planted with vines, was […]

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Japan Champagne exports booming

Japan has overtaken Germany in export volumes of champagne for the first time in history, according to data provided by Comité Champagne. Japan imported 12.8m bottles between 2016-17, which is a 21.3% increase on the previous year, leapfrogging them above Germany into third place. Source, Drinks International

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Winemakers take eco-friendly steps to grow businesses

Photovoltaic systems, recycled glass, and Babydoll Sheep. These are just some of the eco-friendly tools that vineyards around the world are using to produce bottles of wine. Cavit Wines is an Italian winemaker that produces 3.6 million cases each year from 13,750 acres in the Trentino region of northern Italy. Source, Market Watch

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Women confront gender gap in wineries’ executive suites

When she took over as president of Domaine Carneros in 1987, Eileen Crane was one of the few women to lead a North Coast winery. At the time, Michaela Rodeno was president at St. Supery Vineyards and Winery in Napa; the rest typically served in various roles at their family-owned wineries. “It never occurred to […]

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Winetitles new website makes key industry content more accessible

Winetitles Media today launched its new website winetitles.com.au with enhanced features and improved access to over 40,000 pages of key wine industry content.  The newly designed website formally known as WineBiz, is optimised for both mobile and desktop devices. It will feature industry news and latest information from Winetitles wine and viticulture offerings, and a comprehensive […]

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2018 vintage biggest on record for Tas?

This year’s vintage is shaping up to be the biggest on record for Tasmanian vineyards. While it will take a few weeks to reveal the final figures on this year’s yields, Wine Tasmania chief executive Sheralee Davies said the “best guess” was that it could be record-breaking. “This is great news in terms of there […]

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Brown steps down as Wine-Searcher CEO

It’s all change at the top, as Wine-Searcher welcomes a new chief executive and its founder steps back from the limelight. Martin Brown, who created Wine-Searcher in 1999, announced he would be stepping down as CEO and his replacement would be Julian Perry, the creator of UK-based tech company Limitless. Source, wine-searcher

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Winemakers on the vegan-friendly ‘revolution’

“Would you like a vegan wine with your steak?” It’s not as silly a question as it sounds. Australian winemakers who once hid the fact their wines were vegan-friendly are now proudly displaying their credentials on bottle labels because in today’s market, being a more naturally made product is something to advertise. Source, ABC

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TWE signs contract with Complexica

Complexica Pty Ltd, a leading provider of Artificial Intelligence software for optimising sales and marketing activities, announced today that it has signed a contract with Treasury Wine Estates (TWE) for the deployment of its What-if Simulator & Optimiser, powered by Larry the Digital Analyst. The software will allow Treasury Wine Estates to answer complex ‘what if’ questions […]

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