Taking control: Penfolds cracks down on Chinese grey market amid $1.1b loss

Taking control: Penfolds cracks down on Chinese grey market amid $1.1b loss

The wine giant is getting out of cheap wine, doubling down on Penfolds’ status as a luxury brand, and trying to figure out what to do with its US business.

Published by www.theage.com.au at 2026-08-13