Leung’s HK$ 25m stolen wines sold to auctions
New details have revealed that Joseph Leung, who is in the center of HKD 25 million wine theft, might have sold the stolen bottles at auctions.
Author: Natalie Wang
Australian wine exports drained by China
Australian wine exports to China from January to June plunged to just AU$13 million, down from AU$419 million of the same period last year, as other market gains struggle to offset loss in its most valuable export market.
Penfolds Grange 1951 sets new world record
A single bottle of Penfolds Grange with its founding winemaker Max Schubert’s signage has set a new world record price for any Australian wines sold at auction, fetching a whopping AU$142,131.
Over 4,000 bottles of smuggled fine wines intercepted at HK-Shenzhen border
Authorities in Shenzhen seized over 4,000 bottles of fine wines including Lafite, Mouton and Penfolds 707 and other high-value products worth more than RMB 18 million (US$ 2.31 million), as smugglers scurried to ferry the goods from tax-free Hong Kong to the mainland.
‘Disruptive’ new Chablis brand Grand Calcaire launched
President of French wine group Badet Clément, Laurent Delaunay, has teamed up with his winemaker cousin, Dominique Gruhier, to launch a contemporary and international Chablis wine brand – Grand Calcaire to “shake up Chablis”.
Joseph Leung, former CEO of Major Cellar, posted bail
Joseph Leung, who is in the center of a massive theft involving HKD 25 million worth of wines and spirits, has posted bail, Hong Kong police has exclusively told Vino Joy News.
Hong Kong’s Northeast merges with High Spirits
Hong Kong’s family-owned wine and spirits merchant, Northeast Wines & Spirits, has announced that it has merged with a local spirits specialist, High Spirits HK.
Results for ‘biggest ever’ Decanter World Wine Awards 2021 announced
Full results for Decanter World Wine Awards 2021 have been announced. Find out the biggest winners and hidden gems here.
Breaking: Head of Hong Kong wine merchant Major Cellar arrested
Joseph Leung, who has just resigned from Hong Kong listed wine company Major Cellar as director, has been arrested by police for allegedly embezzling HKD 25 million (US$3.21 million) worth of fine wines and spirits from a client, Vino Joy News has exclusively learned.
Wine companies fined for using Chinese leaders in ads
Chinese leaders are off limits for wine companies’ promotions, even with a ringing endorsement coming from China’s first chairman Mao Zedong himself, as the country tightens its grip on advertising for alcoholic beverages.