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    Wine

    This Month

    Craig Garvin was “terminated” from the role of CEO of Australian Vintage, owner of McGuigan, Tempus Two and Nepenthe, late on May 3. He is considering his legal options.

    AusVintage turmoil may strengthen Accolade’s hand: Allan Gray

    The boss of Allan Gray, with a 17pc stake in Australian Vintage, is concerned larger player Accolade Wines may seize on management upheaval to drive a harder bargain.

    • Simon Evans
    Craig Garvin’s role as CEO of McGuigan owner Australian Vintage has been terminated by the board.

    McGuigan owner Australian Vintage dumps CEO over ‘conduct’ issues

    The ousted CEO of Australian Vintage, Craig Garvin, is ‘considering legal options’, while the chairman says his exit won’t have an impact on merger talks with Accolade.

    • Updated
    • Simon Evans

    April

    A $24m sale, with $300 million development plans: The Sunny Meadows farm and Coldstream Aerodrome in Victoria’s Yarra Valley.

    Acuity Development has $300m plan for Yarra Valley aerodrome and farm

    The developer, which sources both projects and investors, has grand plans for the Yarra Valley’s only sealed airstrip and neighbouring farm.

    • Michael Bleby
    Casella Family Brands managing director John Casella at the group’s winery at Yenda in NSW.

    This Rich Lister sees a wave of distressed wine sales coming

    The MD of Casella Family Brands, owner of Australia’s biggest-selling wine export brand Yellow Tail, says the under $10 per bottle segment is still shrinking.

    • Simon Evans
    Warren Randall, the executive chairman of Randall Wine Group.

    Treasury Wines to lift Penfolds prices as China loosens tariffs

    The country’s largest wine producers say there has been an immediate increase in demand from importers after Beijing loosened trade restrictions last week.

    • Updated
    • Simon Evans and Michael Smith
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    March

    Rebuilding wine sales in China to take time: minister

    Assistant Trade Minister Tim Ayres welcomed China’s removal of tariffs on Australian wine but said rebuilding the $1.1 billion trade will take time.

    • Tess Ikonomou
    Australian wines on display at a Shanghai expo in November in 2020. Exports of wine stopped abruptly after that when Beijing introduced punitive sanctions.

    China’s trade coercion tactics on ice as wine tariffs removed

    With the end of the tariffs, Australia is being lauded as an example in other sanction-hit countries like Japan, Korea and Taiwan of how to stand up to Beijing’s bullying.

    • Updated
    • Michael Smith
    A winery in the Yarra Valley. China will lift restrictions on imports from Australia on Friday.

    China removes punishing tariffs on Australian wine trade

    Beijing says the restrictions, which had devastated local winemakers, will be removed on Friday, and big producers have applauded the change.

    • Simon Evans and Michael Smith
    Prue & Stephen Henschke - Hill of Grace Vineyard.

    Precious old vintages from the Barossa set for release

    In Australia’s oldest wine region, well-cellared treasures, from wines to whiskies are being unearthed. Here’s a few to earmark.

    • Max Allen
    Balgownie Estate stocks the full range of wine produced at its 17 acres of vineyards in the Yarra Valley and 70 acres in Bendigo, where the operation began back in 1969.

    Yarra Valley winery unveils $7m refurb

    Victoria’s Balgownie Estate has had a revamp after a major fire in 2020.

    • Gus McCubbing
    2020 Dalwhinnie The Eagle Shiraz

    This is one of the best wines I’ve tried all year

    The latest vintage of Dalwhinnie’s Eagle shiraz has landed – and it’s easily the best young Eagle I can remember tasting.

    • Max Allen
    Bruno Brombal, the chairman of Riverina Winegrape Growers, who supplies De Bortoli Wines.

    Wine glut expected to plague growers for at least next two years

    Excavators are “booked out for six weeks” near Griffith as grape growers rip out vineyards in the wake of punishing China wine tariffs and a shift in consumer tastes.

    • Simon Evans

    From the name to the palate, this wine’s a charm

    New owners and a top winemaker take a Clare Valley stalwart to new heights.

    • Max Allen
    Warren Randall, executive chairman of Randall Wine Group - owner of Seppeltsfield Estate, Gemtree and Penny’s Hill, in the McLaren Vale wine region.

    Treasury Wine set for $100m profit bump

    The owner of Seppeltsfield Estate and Gemtree says the company took a $40m hit from Chinese wine tariffs and regaining lost sales could take three years.

    • Simon Evans
    Treasury Wines CEO Tim Ford at the Financial Review Business Summit on Monday.

    Treasury Wines ‘optimistic’ about proposed removal of Chinese tariffs

    The CEO of Treasury Wines, Tim Ford, is “pleased” by the Chinese Ministry of Commerce’s draft intention to remove tariffs on Australian wines.

    • Simon Evans
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    The number of own-label wines retailers produce and stock is increasing. Smaller producers worry it is pushing their own wines aside.

    Think your wine comes from a boutique winemaker? Think again

    An explosion in the number and sophistication of own-brand bottles produced by the largest retailers is creating a war for shelf space.

    • Jemima Whyte, Simon Evans and Carrie LaFrenz
    Tim Baker has bought more than $15,000 of wine in the past three years.

    ‘Investments of passion’: Why I spent $15,000 on wine in three years

    Tim Baker was bitten by the wine bug in France.

    • Louis White

    February

    This booze-free spritz is one of Max Allen’s top summer drinks

    Brands are no longer trying to recreate the real thing with less alcohol. The newest no-lo options have flavours all of their own.

    • Max Allen
    Accolade Wines chief executive Robert Foye says the group will be on a much better footing now after the ownership change which has brought a large cut in debt levels.

    Accolade Wines to squeeze grape suppliers under new owners

    Carlyle Group will relinquish control of the company – which owns Hardy’s, Grant Burge, Croser and Banrock Station – after buying it for $1 billion in 2018.

    • Simon Evans and Carrie LaFrenz

    January

    Treasury Wines boss Tim Ford purchased Frank Family Vineyards in 2021 for $US315 million.

    Treasury Wine’s US division getting weaker: Citi

    Foot traffic around the wine maker’s key US vineyards was mixed in December, according to the broker.

    • Carrie LaFrenz

    The Australian Financial Review Magazine

    BOSS Financial Review

    SCHF director of people and culture Mariam Hares says that in the aftermath of the COVID-19 pandemic, “flexibility, culture, wellbeing and … purpose” have emerged as key priorities for employees.
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    Life & Leisure

    The zippy Abarth 500e Turismo in Venom Black.

    Rich List

    Laurence Escalante on one of his boats in Perth.