Sydney Design Week heads west as Powerhouse eyes off future in Parramatta
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Sydney Design Week heads west as Powerhouse eyes off future in Parramatta

A full program of talks, tours and workshops highlights the role of design in everyday life

By Robyn Willis
Thu, Sep 15, 2022 12:22pmGrey Clock < 1 min

Sydney Design Week kicks off at the Powerhouse Museum today with a program packed with talks, workshops and tours focused on the public and personal role of design in our lives. 

Along with a series of events at the Ultimo venue, Design Week will be spreading its wings across Greater Sydney, as it moves towards the opening of the $400 million Powerhouse Parramatta building in 2024.

Starting tonight with an industry event, Powerhouse Late, Design Week opens up to the wider public in coming days, with a walking tour of major new architecture around Parramatta, Making Western Sydney on Saturday a highlight. There will also be a talk about the controversial Powerhouse Parramatta site at Western Sydney University’s Innovation Hub featuring the architectural partnership of Moreau Kusunoki (Paris) and Genton (Sydney).

First nations designers Shannon Foster and Jo Kinniburgh will host a walking tour, Design Studio in Focus, departing from the Ultimo site, while designer furniture retailer, Cult, will host a workshop based on Cultivated, the restoration arm of its business, showcasing the revival of a set of Arne Jacobsen Series 7 chairs.

Film lovers can head to the Golden Age Cinema in Surry Hills to watch a series of films on designers across the decades.

Powerhouse chief executive Lisa Havilah said the Powerhouse Museum had renewed its focus on the importance of design in the modern world.

Sydney Design Week offers a dedicated platform to spotlight the incredible innovation propelling the Australian design industry, whilst also connecting audiences with the work of remarkable international designers engaging with social and cultural issues of today.” 

More information: https://www.maas.museum/media-story/sydney-design-week-2022/

 



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Treasury Wine Fails to Find Buyers for Its Budget Brands

The company is best known for its prestigious Penfolds brand

By STUART CONDIE
Thu, Feb 13, 2025 2 min

Australia’s Treasury Wine Estates admitted defeat in its effort to divest brands including Wolf Blass and Blossom Hill, moderating its annual earnings guidance amid weaker sales of its cheaper products.

Last year, Treasury outlined plans to offload its so-called commercial portfolio in a pivot toward costlier, higher-margin brands. As part of the move, it bought California’s Frank Family Vineyards in 2021 and Daou Vineyards in 2023 in deals worth US$1.31 billion combined.

On Thursday, Treasury told investors that it had failed to find a buyer for its budget brands.

“TWE has concluded that the offers received for these brands did not represent compelling value and therefore their retention is the best course of action,” Treasury said.

The company, which is best known for its prestigious Penfolds brand, said that demand for brands typically retailing for less than US$19 a bottle had fallen by 4.9% in the December-half. That includes the commercial portfolio, which comprises the company’s cheapest offerings.

As a result, Treasury expects so-called Ebits—earnings before interest, tax and other impacts including one-off items—for the full fiscal year of 780 million Australian dollars, or about US$489.8 million. That’s at the bottom end of its previously issued A$780 million-A$810 million guidance range.

Even so, Treasury on Thursday reported a A$220.9 million net profit for its fiscal first half, up 33% on year as the company continued to re-establish its Penfolds brand in China following that country’s removal of tariffs on Australian wine.

Revenue rose by 20% to A$1.57 billion, while profit increased 33% to A$239.6 million once material items and currency moves were stripped out.

The average analyst forecast had been for a net profit of A$242.1 million from revenue of A$1.57 billion, according to data compiled by Visible Alpha. Treasury reported first-half Ebits of A$391.4 million.

The board declared a dividend of 20 Australian cents a share, up from 17 cents a year earlier.

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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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