{
  "id": 721766,
  "title": "‘Taking control’: Penfolds cracks down on Chinese grey market amid $1.1b loss",
  "url": "https://urgent.news/2026/08/13/taking-control-penfolds-cracks-down-on-chinese-grey-market-amid-1-1b-721766",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T02:25:41.000Z",
  "source": {
    "name": "The Sydney Morning Herald",
    "slug": "the-sydney-morning-herald",
    "url": "https://www.smh.com.au/business/companies/taking-control-penfolds-cracks-down-on-chinese-grey-market-amid-1-1b-loss-20260813-p60nzn.html?ref=rss"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Age",
        "title": "‘Taking control’: Penfolds cracks down on Chinese grey market amid $1.1b loss",
        "url": "https://urgent.news/2026/08/13/taking-control-penfolds-cracks-down-on-chinese-grey-market-amid-1-1b",
        "published": "2026-08-13T02:25:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}