Sotheby’s has released its 2024 Wine & Spirits Market Report, showing that while the United States recorded impressive gains—overtaking Hong Kong in annual wine sales for the first time—Asia continues to hold its ground. Read More
asia
Once hailed as Asia’s next big growth opportunity, South Korea's wine imports have now declined for the second consecutive year, signaling a market correction after years of pandemic-fueled expansion. Read More
Dairy Farm Internatinal Group (DFI), the operator of Hong Kong's leading supermarket and retail chains including Wellcome and 7-Eleven convenience stores, has announced leadership changes. Read More
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More
Having launched his business during the Covid-19 pandemic, Legrandois shared his insights on Hong Kong, an international wine hub currently facing challenging times. Read More
South Korea’s wine imports continued to decline in 2024, with data showing a 9.63% drop in value during the first 11 months of the year. Read More
South Korea’s spirits market has experienced substantial growth in recent years, supported by rising imports of whiskey, brandy, and liqueurs. Read More
Renowned for its bestselling budget-friendly soju, the Korean drinks giant Hite Jinro is expanding its portfolio with American wines. Read More
Travelers will be allowed to bring two bottles of wine into Taiwan, doubling the current limit. Hong Kong wine and spirits merchants may stand to be the biggest beneficiaries. Here’s why. Read More
According to a report published by the International Organisation of Vine and Wine (OIV) on November 29, wine consumption in Europe—the primary market for wine—has plunged to its lowest level since 1951. Read More