China’s wine imports slide
China’s wine market has yet to get its mojo back and consumer sentiment for wine is still cautious, as the latest data showed.
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China’s wine market has yet to get its mojo back and consumer sentiment for wine is still cautious, as the latest data showed.
Will China’s biggest wine and spirits fair in March roar back with vengeance or tank?
Chinese wine consumers are opening up wallets for finer things in life, one of which is imported wine for both home consumption and gifting, compared with three years ago, according to findings from an HKTDC survey.
A few Chinese-owned Australian wineries are reporting unfair treatment and abuse after a social media campaign emerged in Australia calling for consumers to boycott 41 Chinese-owned wineries in the latest wine-related trade spat.
Australia’s second biggest wine group, Accolade Wines, is putting two of its wineries up for sale as part of the group’s decision to restructure its south Australian operations.
A collection of Penfolds Grange spanning from its inaugural 1951 vintage to 2015 vintage was sold for a record price of AU$431,000 to an anonymous buyer in Sydney, smashing its previous record from last year.
The 228-liter ‘President Barrel’, Clos de la Roche Grand Cru, from this year’s 160th Hospices de Beaune auction, was sold to a Chinese bidder for a record price of €660,000.
Hollywood star Brad Pitt’s Champagne, Fleur de Miraval, will hit the shelves soon this month in Hong Kong, one of the few Asian cities to taste the superstar’s Champagne, just in time for Christmas.
China further inflicted more punitive tariffs on Australian wine today, less than two weeks after smacking a crippling 212% tariff. Is this the final nail on the coffin?
A single owner Domaine de la Romanée-Conti Montrachet collection led Christie’s Hong Kong Wines & Spirits Autumn Auctions on December 5.