Fears the Chinese economic slowdown would damage Treasury Wine Estates’ half-year net profit results have proven unfounded. The company has announced its net sales revenue is up 16% to $1,507.7million, representing the largest organic growth rate in the company’s history. EBITS up 19% to $338.3million and strong growth delivered by all regions. Directors of the … Continued
Australia has retained its position as US spirits industry’s third biggest export market. The Distilled Spirits Council has reported its 8th consecutive year of market share gains, which includes a 12% rise in exports to Australia to a value of $127.7million. Canada remains the No.1 market with sales of $198.2million, with the UK in second … Continued
Stroh, an Aussie start-up that sells compostible wheat straws, has won the first Worksmith scholarship.
A Monash University study says there is “dubious legality” behind the EU’s attempts to prevent Australian winemakers using the term “prosecco”.
Australian drinks companies have been delivered a double whammy with duty rates rising locally and in the UK.