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Australia's Treasury Wine to rebuild China business after tariff review

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Australia's Treasury Wine to rebuild China business after tariff review

© Reuters. FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File Photo) said on Monday it is well placed to rebuild its business in China including re-building distribution for the Penfolds Australian entry-level luxury portfolios, should tariffs of the country's wine be removed.

"Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," the company said in a statement.

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Australia's Treasury Wine to rebuild China business after tariff reviewAustralia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China including re-building distribution for the Penfolds Australian entry-level luxury portfolios, should tariffs of the country's wine be removed.
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