Latest news with #Penfolds'
West Australian
24-06-2025
- Business
- West Australian
Treasury Wine Estates warns of weaker performance from money-maker Penfolds
Treasury Wine Estates has warned investors to expect a weaker performance from its flagship Penfolds label as it spends up big on marketing to re-establish its presence in China while sales in the US falter. In an investor update to the market on Tuesday, the company said it now expects earnings for Penfolds in 2025-26 to record low to mid double-digit growth — down from a previous forecast of about 15 per cent. It is still expected to make up the lion's share of earnings. 'Following the focus on re-building distribution in China through F25, customer inventory holdings across several of Penfolds' other key markets are below historic levels while depletions remain strong, most notably throughout the rest of Asia,' the update said. 'This is expected to support the delivery of Penfolds' global growth expectations in F26.' For its Treasury Americas division, TWE said economic uncertainty and weaker consumer demand had been reflected in declining wine consumption trends across key sales channels throughout the second half of the current financial year, a softer market more pronounced at the below $US15 ($23) price points. The company also revealed a new operating structure to take effect from July 1 that will pour its budget-friendly offerings — including Speaking Pig, 19 Crimes, Wynns, Lindmans, Blossom Hill and Wolf Blass — into a new division called Treasury Collective. TWE also announced plans to launch an on-market share buyback for up to 5 per cent of its issued capital as part of its full-year results update in August. The update comes just weeks after the company announced it would need to find a new path into the Californian market after its local distributor said it would cease operations later this year. The shock decision by Republic National Distributing Company is a serious blow for the winemaker, with the shuttered distributor responsible for about 25 per cent of TWE's sales for its Americas division and 10 per cent of total group sales.
What's On
17-06-2025
- Entertainment
- What's On
Penfolds to host exclusive wine dinner in the Lana Hotel, Dubai - What's On
An exclusive, one-night-only event is about to take place by Penfolds, one of Australia's most prestigious wine estates and if you're into good wine and great food, you'll need to check it out. Taking place on Thursday, June 26 in Jara by Martín Berasategui, and located at ultra-luxury hotel, The Lana – Dorchester Collection, this special dinner will also have a very special guest. The acclaimed contemporary Basque restaurant in the Lana will welcome Penfolds' chief winemaker, Peter Gago, for his first visit to the UAE in over a decade. This intimate evening promises an extraordinary culinary experience, priced at Dhs2,588 per person. The six-course tasting menu curated by Martín Berasategui himself will begin at 7.30pm, with each dish artfully paired with some of Penfolds' most celebrated wines. The evening will showcase highlights from the Luxury and Icon collections, including rare tastings of two legendary vintages of Penfolds Grange – 1983 and 1991. The dinner will also feature other outstanding labels, such as the crisp Yattarna Chardonnay, the elegant Bin 169 Coonawarra Cabernet Sauvignon, and the bold RWT Barossa Valley Shiraz. St Henri Shiraz and Bin 707 Cabernet Sauvignon will round out the evening's wine offerings, each perfectly matched to the refined Basque dishes designed to complement their flavor profiles. You'll get a rare opportunity to explore the depth and heritage of Penfolds under the guidance of one of the wine world's most respected figures. Seats are extremely limited, and advanced reservations are required. Bookings can be made through this link. In a nod to the brand's global innovation, Penfolds has also recently debuted the Grange La Chapelle 2021, a rare collaboration with Domaine de La Chapelle, now available in the UAE. > Sign up for FREE to get exclusive updates that you are interested in
Sydney Morning Herald
02-05-2025
- Business
- Sydney Morning Herald
Penfolds' new wine is controversial and boasts a super-sized price tag. What's the fuss about?
At $3500 a bottle, Penfolds-Jaboulet La Grange is sure to be a bloody fine wine. What should we make of the latest crazily priced Penfolds wine, the French-Australian shiraz, Penfolds-Jaboulet La Grange? Is it just marketing? ―A.C., Wangaratta, VIC Wine has long had one foot in the luxury business. First Growth Bordeaux, Château d'Yquem and grand cru Burgundy have been luxury wines for centuries. Now California, Tuscany, Champagne and dozens of other regions have luxury wines because there are more prosperous people in the world who want to drink them. Penfolds' owner, Treasury Wine Estates, is committed to joining the global luxury goods business. The controversial wine is a 50/50 blend of Penfolds Grange with one of the most exalted French wines, Paul Jaboulet's Hermitage La Chapelle, which is also a syrah (shiraz). Both parts are 2021 vintage and the price is $3500 for one bottle. To some collectors, it doesn't matter that they could buy a bottle of each and blend them in their kitchen for a lot less money ($1800). International blending of wine isn't rare. Jacob's Creek bottles and Coolabah casks had Chilean wine in them last century when – it's hard to believe now – we had a shortage of grapes. Up until the early 20th century, it was common, in Bordeaux, to blend wine from other parts of France to bolster its red in bad years. Château Palmer revived this recently with its Historical XIXth Century Wine, which blends Rhône Valley syrah with Bordeaux cabernet and merlot. Penfolds also makes special bottlings that blend South Australia wines with those from California and Bordeaux. 'Collectors could buy a bottle of each and blend them in their kitchen for a lot less money ($1800).' At the end of the day, the Penfolds-Jaboulet La Grange is sure to be a bloody fine wine. Indeed, all of the Pennies wines with the super-sized price tags that I've tasted over the years are excellent and very age-worthy, so they satisfy the collector/speculator buyer as well as the wine-loving drinker. It's not for me – it's not aimed at anyone on a wine-writer's budget – but I don't have a complaint about the fact that it exists, as some critics evidently do. Psst! If anyone out there has a bottle of the La Grange, I'd love to try it.
The Age
02-05-2025
- Business
- The Age
Penfolds' new wine is controversial and boasts a super-sized price tag. What's the fuss about?
At $3500 a bottle, Penfolds-Jaboulet La Grange is sure to be a bloody fine wine. What should we make of the latest crazily priced Penfolds wine, the French-Australian shiraz, Penfolds-Jaboulet La Grange? Is it just marketing? ―A.C., Wangaratta, VIC Wine has long had one foot in the luxury business. First Growth Bordeaux, Château d'Yquem and grand cru Burgundy have been luxury wines for centuries. Now California, Tuscany, Champagne and dozens of other regions have luxury wines because there are more prosperous people in the world who want to drink them. Penfolds' owner, Treasury Wine Estates, is committed to joining the global luxury goods business. The controversial wine is a 50/50 blend of Penfolds Grange with one of the most exalted French wines, Paul Jaboulet's Hermitage La Chapelle, which is also a syrah (shiraz). Both parts are 2021 vintage and the price is $3500 for one bottle. To some collectors, it doesn't matter that they could buy a bottle of each and blend them in their kitchen for a lot less money ($1800). International blending of wine isn't rare. Jacob's Creek bottles and Coolabah casks had Chilean wine in them last century when – it's hard to believe now – we had a shortage of grapes. Up until the early 20th century, it was common, in Bordeaux, to blend wine from other parts of France to bolster its red in bad years. Château Palmer revived this recently with its Historical XIXth Century Wine, which blends Rhône Valley syrah with Bordeaux cabernet and merlot. Penfolds also makes special bottlings that blend South Australia wines with those from California and Bordeaux. 'Collectors could buy a bottle of each and blend them in their kitchen for a lot less money ($1800).' At the end of the day, the Penfolds-Jaboulet La Grange is sure to be a bloody fine wine. Indeed, all of the Pennies wines with the super-sized price tags that I've tasted over the years are excellent and very age-worthy, so they satisfy the collector/speculator buyer as well as the wine-loving drinker. It's not for me – it's not aimed at anyone on a wine-writer's budget – but I don't have a complaint about the fact that it exists, as some critics evidently do. Psst! If anyone out there has a bottle of the La Grange, I'd love to try it.
Web Release
28-01-2025
- Entertainment
- Web Release
Embrace the Year of the Snake: Mott 32's Chinese New Year Celebrations
By Editor_wr On Jan 28, 2025 High above the vibrant skyline of Dubai, Mott 32 invites you to embark on a gastronomic journey in celebration of Chinese New Year that intertwines ancient traditions with modern sophistication in celebration of the Year of the Snake. Nestled on the 73rd floor of the iconic Address Beach Resort, Mott 32 sets the stage for an extraordinary week of festivities from the 27th of January to the 2nd of February. With its unparalleled views of Bluewater Island, JBR, Palm Jumeirah, and Ain Dubai, Mott 32 promises a celebration that is as unforgettable as the cityscape that surrounds it. The Chinese New Year celebrations commence on the 27th of January, with the specially curated menu available throughout the week. Under the visionary guidance of Executive Chef Frankie Yang Tao, the Chinese New Year menu is a masterpiece that captures the essence of prosperity, unity, and renewal. Each dish is a narrative of flavours, meticulously crafted to highlight time-honoured Chinese culinary traditions while embracing a modern touch. Guests can enjoy the Lobster and Abalone Lo Hei Salad with assorted vegetables, inviting them to partake in the tradition of 'tossing for good fortune.' Other starters include the delicate Crab Roe Shanghainese Soup Dumplings which offer a burst of flavour, while the Cantonese Honey Chicken Puff delivers a sublime balance of sweetness and texture. The mains are a celebration of the finest ingredients and bold techniques. The Australian Beef Belly with Potatoes exudes richness, while the Fried Qingyuan Chicken with Black Truffle elevates a classic with indulgence. Seafood lovers will delight in the Wok-Fried Tiger Prawn with Chinese Cabbage and the Stir-Fried Spicy Lobster with Rainbow Quinoa , both highlighting fresh, sustainable flavours. The Braised Supreme Japanese Abalone is a masterpiece of refinement, and the Wok-Fried Cauliflower with Velvet Mushroom and Bean Curd Skin offers a harmonious blend of textures and umami. The journey ends with The Mandarin Mousse Sable Base , a dessert of zesty citrus notes that linger on the palate, capturing the New Year spirit of renewal. On Chinese New Year's Eve, January 28th, the restaurant will be elegantly transformed for the occasion. Entertainment will bring energy to the evening, creating a memorable experience for guests looking to welcome the Year of the Snake in style. On the 29th of January, Mott 32 will host an exclusive Chinese New Year dinner in partnership with Penfolds, a globally renowned luxury wine brand synonymous with excellence and innovation. This ticketed event, priced at AED 888 per person—reflecting the auspicious symbolism of triple fortune—will offer a meticulously 5-course paired wine experience, where Penfolds' celebrated vintages will enhance the intricacies of each dish. Guided by a Penfolds brand ambassador, guests will embark on a sensory journey that celebrates the union of fine wine and exceptional cuisine. Mark your calendars for the 1st of February as Mott 32 transforms its signature Brunch 32 into a dazzling Chinese New Year-themed experience from 12:30 pm to 4:00 pm. Blending the acclaimed flavors of Brunch 32 with special additions from the Chinese New Year menu, this festive celebration features enchanting Year of the Snake-themed entertainment, including traditional Chinese performances and captivating décor that embodies the spirit of the occasion. With an elevated menu offering festive delights, this one-of-a-kind brunch promises an unforgettable dining experience to welcome the Lunar New Year in style. As the Year of the Snake slithers into view, Mott 32 invites you to write the first chapter of this journey with unforgettable culinary creations to immersive cultural celebrations, every moment during this festive season promises to be a story worth sharing. Join us in toasting new beginnings, abundant fortunes, and a celebration that will be remembered long after the final toast is raised. For more information and reservations, please email [email protected] , call +971 4 278 4832, or visit: Embrace the Year of the Snake: Mott 32's Chinese New Year Celebrations Comments are closed.
