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‘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.

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

We haven't written up this one. The Age has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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