French wine giant Castel Frères, the third largest wine group in the world, has been handed a fine in mainland China for violating advertising law, sounding an alarm for wineries that are using superlative languages in promotions.
The Italian Wine Crypto Bank (IWCB), the first and only global wine bank based on blockchain and cryptocurrencies, has launched what it calls “the first cryptocurrency in the world entirely guaranteed by wine” starting from September 21.
A 15-liter bottle of Bordeaux first growth Château Mouton Rothschild – known otherwise as the “Nebuchadnezzar” – from the legendary vintage of 2000 was sold at Bonhams Hong Kong for more than one million Hong Kong dollars to an Asian collector.
Several hundreds of employees at world’s largest Champagne producer, Moët & Chandon, went on a strike last Wednesday for what they claim to be Moët’s refusal to pay them a tax-free bonus called “Prime Macron”.
South Korea, is uncorking more wine bottles than ever. The country’s wine consumption in the first seven months of the year hit a fresh high coming off a record year of drinking in 2020 despite pandemic.