The CEO of global beverage giant Suntory Holdings has stepped down after police discovered a supplement containing a controlled substance at his Tokyo home, ending the 66-year old veteran executive’s 11-year tenure at the Japanese drinks giant. Read More
Beer
Now, bottles of North Korean beer are finding their way onto Russian shelves — though at a price tag that has some locals raising eyebrows. Read More
Carlsberg Asia, facing fierce competition in the region’s beer market, unveiled what it called its “boldest partnership yet,” launching a Digital Acceleration Program with the region's three delivery giants - Meituan, Grab and Delivery Hero - to drive growth in on-demand retail. Read More
How much alcohol are people in Hong Kong drinking? Which drinks are falling out of favour, and which ones are bouncing back? We crunched the numbers from the past 20 years—so you don’t have to. Read More
Wine is expected to be the only major alcohol category to shrink in volume over the next decade, even as the global beverage alcohol market adds US$34 billion in value, according to new forecasts from IWSR. Read More
Following LVMH’s announcement of job cuts within its wines and spirits division, beer giant Budweiser has also confirmed workforce reductions across the Asia-Pacific region. Read More
In a huge blow to the global drinks industry, the World Health Organization (WHO) is calling for increased taxes on alcoholic beverages, particularly targeting wine, which is exempted from 22 countries, especially in Europe. Read More
As the global wine trade community eagerly anticipates its grand reunion, the Hong Kong Trade Development Council (HKTDC) gears up for the 15th edition of the Hong Kong International Wine & Spirits Fair. Read More
While Generation Z, those under 25, is leading in alcohol abstinence, the study also highlighted a concerning trend: those within this age group who do consume alcohol are more inclined towards binge drinking. Read More
What's driving China's US$220 million bar industry? Read More