Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China - its two largest markets - and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies. Read More
Natalie Wang
Bonhams Hong Kong posted a white-glove result in its debut ex-cellar partnership with Burgundy’s Edouard Delaunay, selling 100% of the lots in an online auction featuring rare verticals and exclusive cuvées from the historic estate. Read More
Thailand has lifted its 53-year-old ban on afternoon alcohol sales, scrapping the long-standing 2pm–5pm blackout in a major policy reversal aimed at boosting tourism and easing decades of confusion for retailers and travellers. Read More
Treasury Wine Estates says its entire A$687 million U.S. goodwill is likely worthless — a stark sign of how sharply America’s wine market has cooled. Read More
Château Mouton Rothschild has tapped Portuguese artist Joana Vasconcelos to illustrate the label for its 2023 vintage, marking the first time the First Growth estate has commissioned an artist from Portugal. Read More
Edward Ragg MW — educator, critic, judge and poet — reflects on the collaborative work behind one of the world’s largest wine competitions, and why fairness depends on many palates rather than one. Read More
The Thai government has reversed a controversial afternoon alcohol ban following outcry from bars, restaurants and tourism groups. Read More
A Chinese entrepreneur set a new record at the annual Hospices de Beaune wine auction after paying €400,000 for the Pièce des Présidents, the event’s headline charity barrel. Read More
Links Concept Family Wine Merchants, one of Hong Kong’s leading wine importers, has been acquired by the United Kingdom–based Coterie Group, becoming part of the company’s expanding global portfolio spanning wine sales, storage and superyacht supply services. Read More
Thailand’s food and beverage sector has been thrown into turmoil after a significant amendment to the Alcohol Control Act came into effect last week, introducing consumer penalties for drinking during restricted hours — a first in the country’s legal history. Read More