TWE 2019 profits buoyed by Asia
Strong demand for premium wines and mass-produced wines has driven up sales and profits for Australian wine giant Treasury Wine Estates.
Author: Natalie Wang
Grace Vineyard buys Chinese whisky distillery for HK$15 million
China’s leading winery Grace Vineyard has purchased a whisky distillery in the country’s coastal Fujian province for HK$15 million (US$1.9 million), making its first foray into whisky production to make ‘medium and high-end Chinese whisky’, the company has announced this week.
Burgundy specialist L’Imperatrice plans public listing in Hong Kong
Hong Kong’s Burgundy specialist L’Imperatrice is planning a public listing on Hong Kong Stock Exchange, banking on consumers’ blistering demand for Burgundy and local consumers’ expanding disposable income.
Southern Rhône varietals are adapting better to changing climate
Southern Rhône varietals including Grenache, Syrah and Carignan are apparently adapting better to changing climate, while increasing temperature compounded woes for Bordeaux variety such as Cabernet and Merlot in Languedoc-Roussilon, according to the region’s leading producer Les Jamelles.
Wine Intelligence downgrades China’s attractiveness as a wine market
China has lost out on its attractiveness as a wine market, according to the latest report by Wine Intelligence, amid the country’s slowing economic growth, escalating China-US trade war and depreciated Chinese currency.
By the glass: Michael Hill Smith MW
Michael Hill Smith MW shares with us disdain about wine pretension, his wine recommendation to UK Prime Minister Boris Johnson, and the legendary 1978 DRC La Tache.
Wine, the liquid gold of asset management
Wine has emerged as the liquid gold in asset management, and the fastest growing platform in Asia riding on the trend is WWXplorer or WWX.
New bar openings in Hong Kong
In this hot and tense summer of Hong Kong, three new bar openings might offer more solace and healing power to distressed Hongkongers with well crafted cocktails and delicious wines.
Penfolds launches earlier ‘2019 Collection’ but leaves out Bin 707 Cabernet
Penfolds has launched its 2019 Collection, which came two months earlier than usual, and left out Bin 707 Cabernet in the 2019 lineup.
WSET unveils events in China to celebrate 50th anniversary
WSET will kick start a week-long celebration in September to mark its 50th anniversary, with a series of events planned for China, its biggest market for both wine and spirits education.