TEMPUS (腾邦集团) is a global consortium, including Tempus International, Tempus Assets, Tempus Financial Holdings, Tempus Investment, Tempus Trading, and Tempus Logistics. With a focus on travel and personal finance services, investments, and product trading in the global value chain, Tempus' services cover 157 countries in Asia, America, Europe, Oceania, and Africa. The Tempus Group includes two listed companies: Tempus International (SHE: 300178) and Tempus Holding (HKG: 6880).
TEMPUS Headquarter Location
Tempus Group Building Taohua Road 9, Futian Bonded Area
Shenzhen, Guangdong, 518038,
Latest TEMPUS News
Sep 14, 2021
Share McGuigan Zero, a no-alcohol wine brand owned by ASX-listed wine company Australian Vintage has become the No.1 seller in a fast-growing category in both the United Kingdom and Australia, adding extra impetus to stellar growth in the group’s traditional wine business. Australian Vintage chief executive Craig Garvin said the core range of its wine products across the McGuigan, Tempus Two and Nepenthe brands are still making strong headway in both the UK and Australian markets, despite some logistics headaches in the UK, while the no alcohol segment has added an extra layer of growth. Australian Vintage chief executive Craig Garvin says the group is No.1 for zero alcohol brands in both the UK and Australia. “ Alcohol moderation has become a mainstream movement and we’re at the forefront of it,” he said. Mr Garvin said there was no consumer confusion between buyers of the different McGuigan brands, most with alcohol and some without, because they were clearly delineated. “People are very interested in health and wellbeing, and even more so after COVID,” he said on Tuesday. “We see a lot of growth.” Advertisement He said McGuigan Zero was selling on average about 20,000 cases per month in the UK. “It’s a very rational decision people are making,” he said. On certain occasions drinkers wanted a drink with their meals at home with traditional wine characteristics, but no alcohol. Those same households were often consuming a bottle of wine with traditional alcohol levels at other times during the week. Mr Garvin said the company had invested in a second “spinning cone”, which strips out alcohol from wine while maintaining taste, for its Buronga winery near Mildura. Australian Vintage delivered strong profit growth in the 12 months ended June 30, with net profit after tax rising to $19.6 million from $11 million a year earlier. The company’s main brands secured an important distribution deal with UK supermarket giant Tesco during the year, adding to supply deals with other big UK players such as Sainsbury, which were already in place. Four months ago, in a first for the company, Australian Vintage began selling in Tesco a rosé from France’s Provence region under the Tempus Two brand. A Malbec from Argentina will be the next product to market. “Tempus Two is becoming a global brand.” Advertisement Across Australian Vintage, revenues in the United Kingdom were up 8 per cent to $124.5 million in 2020-21. Australian sales were up 1 per cent to $83.2 million. But logistics headaches were caused by Brexit and a shortage of lorry drivers, along with the rising cost of shipping containers as global trade is disrupted by temporary shutdowns of some Chinese ports because of COVID-19 flare-ups. “The biggest issue in the UK market right now is logistics,” he said. “That’s causing some peaks and troughs in the ordering cycle,” Mr Garvin said. Between 85 per cent and 90 per cent of sales in the UK for the company stem from retail outlets or online channels, although there is a slow and steady rise from restaurants and bars as the British economy opens up. Australian Vintage shares are up around 20 per cent since late May when they were trading at 70¢. The company has been largely spared from the fallout of the punishing China wine tariffs put on Australian companies by the Chinese government late last year because less than 1 per cent of its sales had been to China. Mr Garvin said the group hadn’t abandoned the China market, however, and was maintaining a strong relationship with state-owned China distribution group COFCO for when relations between Australia and China thawed. “We’re setting the table for the future,” he said. Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter . Email Simon at email@example.com Save
2 Team Members
TEMPUS has 2 team members, including current Chief Executive Officer, Hai Qiao.