Business
Treasury Wine rebounds even though China disappears – The Australian Financial Review
Australian wine exports ended up 1 per cent lower in 2020 to $2.89 billion after a rapid fall-off to China.
Interestingly, Treasury Wine shares have rebounded by 32 per cent to around $10.41 since early November, when they were sitting at $7.87.
The prospect of economies reopening around the world later in 2021 as vaccination programs start to make headway in hard-hit countries, along with seemingly regular speculation about potential private equity takeovers, has improved sentiment.
China was the No. 1 export destination in 2020 even though total exports to mainland China ended up being down by 14 per…
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