Luxury group LVMH's wines and spirits revenue soared 26% last year, thanks to reopening of on-trade business in the US, Europe and a rebound in Asia. Read More
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China's biggest duty-free island province, Hainan, has reported RMB 46.8 billion in sales from last July to June this year, aided by increased spending limit and global travel restrictions. Read More
Fine wine merchant, Sarment, is shutting down its business in mainland China, Hong Kong, Singapore and Japan, less than two years after it was sold to Paolo Bulgari. Read More