Diageo Korea has offered voluntary redundancies to its entire workforce as the decline of South Korea’s once-pervasive after-work drinking culture weakens demand for whisky and other traditional alcoholic drinks. Read More
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Cambodia’s fledgling wine market suffered a sharp setback in the first half of 2026, with imports plunging nearly 40% as weak consumer confidence and a sluggish recovery in tourism weighed on demand from hotels and restaurants. Read More
The Australian wine group cut customer inventories in China by 200,000 cases, but distributors offered a more cautious assessment of underlying demand.
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Strong sales in Japan and India helped Suntory’s alcohol revenue return to growth, but weakening US demand, distributor destocking and rising supply-chain costs dealt a sharp blow to profits. Read More
Lotte Chilsung's alcohol business generated first-half sales of US$280 million, up 1.9% in H1 2026. Operating profit increased 34.5% to US$16.6 million. Read More
The United States retained its unusual position as South Korea’s second-largest wine supplier by value, and Chile is no longer South Korea's biggest wine supplier by volume. Read More
The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More
Results for the 2026 financial year, released on Aug. 6, showed that organic net sales in Greater China fell 34.9% year on year. Sichuan Swellfun, Diageo’s principal baijiu asset in China, is also expected to report a loss for the first half of 2026. Read More
Here in this explainer, we break down what is known in the criminal investigation into Lady Penguin's company and what remains unclear. Read More
China’s biggest wine influencer built a six-million-follower empire that once sold RMB 350 million worth of wine a year. Now, the company behind Lady Penguin is heading to court over alleged smuggling. Read More