As much as I would love for this to be true, looking at TWE.ASX share price tells me that they are not feeling much pain from China. Just punch a one year price chart. It dropped as a knee jerk reaction in the beginning and since recovered.
I was told by my Chinese friends that the Penfolds premium product is being moved to Hong Kong to start and from there to mainland circumventing Chinese measures. Not sure if this is the reality, however I am yet to see any meaningful accessible discounts here for their premium offerings….yet.
