Australian wine giant shakes off China sales collapse macaubusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macaubusiness.com Daily Mail and Mail on Sunday newspapers.
SYDNEY, Feb 16 ― Australia's leading wine producer says sales to China have evaporated since Beijing imposed strict tariffs on Australian wine imports but buoyant demand elsewhere helped avert disaster. Treasury Wine Estates, the makers of Penfolds, yesterday posted a 7.5 per cent year-on-year.