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Langton's Classification of Australian Wine is a listing of fine Australian wines compiled by wine-specialist auction house and online merchant Langton's. The Classification is a ranking of the best-performing Australian wines based on secondary market support over a minimum of 10 vintages. It was first published in 1991.
Australian wine accounts for a very large imported wine market share in South Asian countries and is the second largest imported wine in India with a market share of 16%. [40] Australia was China's largest supplier of imported wine, a standing achieved in part by free-trade agreements established between the two countries. [ 41 ]
Penfolds is an Australian wine producer that was founded in Adelaide in 1844 by Christopher Rawson Penfold, an English physician who emigrated to Australia, and his wife Mary Penfold. [1] It is one of Australia's oldest wineries, and is currently part of Treasury Wine Estates. The chief winemaker since 2002 has been Peter Gago. [2] [3]
In 2003, the brands of BRL Hardy and those of Constellation Brands were merged to create the world's largest international wine business. [10] BRL Hardy Limited was renamed The Hardy Wine Company. In 2006, Constellation Brands acquired Vincor International, adding the West Australian brands of Amberley and Goundrey to the Hardy portfolio.
The wine industry operates under the Wine Australia Act 2013 [46] and the Wine Australia Regulations 2018. [47] They define the relationship between the Australian Government and the industry as a whole, including the grape growers, winemakers and various representative bodies, as exercised through the relevant Minister, set out the standards by which the industry must operate and penalties ...
Upon its acquisition of Southcorp Wines in May 2005, ownership of the Penfolds brand, along with its museum collection of Penfolds Grange, passed to the Foster's Group. In May 2011 Penfolds, along with the rest of Foster's wine brands, were spun off into Treasury Wine Estates, a separate company listed on the Australian Securities Exchange. [28]