67 Pall Mall, a London-based private members’ club for wine enthusiasts, is opening its first international outpost in Singapore on February 14, 2022, the romantic Valentine’s day, with 1000 wines by the glass.
Recent research shows the value of fine wine investment has outperformed luxury Hermès handbags and Rolex watches during the pandemic. Auction house Sotheby’s record-breaking year in wine and spirits sale in Asia affirms the trend.
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.
In launching Treasury Wine Estates’ bold California Collection in Hong Kong, the Australian wine giant hints at pushing the envelop further by adding a white wine and Bordeaux Cabernet to its range, as it diversifies its global offerings.
Treasury Wine Estates appears to have absorbed the shock from China’s punitive tariffs and “is positive on outlook across its key markets outside mainland China” for the year 2022, the company has announced in its latest 2021 annual report.