Treasury Wine Estate could boost its margins from 14 per cent to almost 20 per cent by the middle of 2020 if it can continue to build its strong sales momentum in China. That’s the view of JPMorgan analyst Shaun Cousins, who set a fire under Treasury’s share price on Thursday by slapping a target price of $10.25 on the stock. Treasury shares leapt 5.4 per cent to $9.72 on Thursday and have now climbed 89.6 per cent over the past 12 months.
Drink wine and do good. In partnership with Social Traders and Australia Post, we talk to one of the social enterprises on their Good Spender website: Goodwill Wine. David Laity was one of the thousands of people displaced by the 2009 Black Saturday Bushfires in Victoria. At the time of the blaze, Laity was living in Chum Creek and working at a nursery in the Yarra Valley.
Marlborough iwi Rangitane o Wairau have hit out at Heritage New Zealand and one of their own trustees following an out-of-court settlement relating to an important historical site. Trustee Haysley MacDonald and his father Phillip MacDonald were charged with interfering with the Kowhai Pa site, near the archaeologically significant Wairau Bar, near Blenheim, but reached an out-of-court agreement with Heritage New Zealand on Tuesday.
Stanton & Killeen Wines recently announced a new distribution partnership has been formed with Déjà Vu Wine Company, effective August 17, 2016. The announcement follows Stanton & Killeen’s recent complete vineyard rejuvenation, enabling the 141-year-old wine company to create environmentally sustainable pathways to deliver unsurpassed fruit quality, thus a significant improvement in wine quality.
Sydney independent retailer and former Penfolds executive John Quinn has partnered with Lindt Australia CEO Steve Loane to launch Iconic Winemakers, a new online platform to showcase Australia’s best winemakers. The new platform operates as a champion for Australian wine with its focus on high quality over price. Founder Quinn told TheShout: “What we’re about is quality and not price.”
Help is on its way for WA winemakers. The federal government Department of Science and Industry will fund the delivery of new Direct to Customer and Wine Tourism workshops to be delivered by Wine Business Solutions. These will be free to attend for WA wine producers. The two-day programs will cover strategy formulation, creating an unforgettable customer experience, building a fan base of loyal customers and customer engagement leveraging all of the latest tools, technology and social media.
A new report shows the higher priced end of the wine market is continuing to grow, especially in China. The Wine Australia Export Report shows that for the 12 months to June 2016, the value of wine exports grew by 11 per cent to $2.11 billion, and volumes were up by half a per cent to 728 million litres. Expensive bottles of wine, especially those above $10 a litre, have driven the rise in total export values.
WINE industry workers looking to broaden their knowledge of the craft are flocking to enrol in a free online university course from South Australia. A new version of the University of Adelaide’s World of Wine: From Grape to Glass course was launched this month on itsAdelaideX platform and already has 10,000 enrolments following the success of last year’s inaugural course, which attracted almost 40,000 students from 160 countries via the edX platform.
Vintage House Wine and Spirits, the distribution house of Angove Family Winemakers has been appointed as the exclusive Australian distributor for Barossa winery Schild Estate. Vintage House will commence distribution on 1 September 2016 and “completes” the distribution house’s Barossa offering with cult winery Cimicky being in its portfolio since 2003. Schild Estate has been under the watchful eye of patriarch Ed Schild, who this year celebrated his 60th vintage.
Vintage House Wine and Spirits, the distribution house of Angove Family Winemakers has been appointed as the exclusive Australian distributor for Barossa winery Schild Estate. Vintage House will commence distribution on 1 September 2016 and “completes” the distribution house’s Barossa offering with cult winery Cimicky being in its portfolio since 2003. Schild Estate has been under the watchful eye of patriarch Ed Schild, who this year celebrated his 60th vintage.