Pierre Castel, one of the richest billionaires in the wine industry and founder of world’s third largest wine producer Castel, is being hit with US$416 million tax bill ordered by a Swiss court, according to a Bloomberg report. Read More
Crime
The value of the wines involved would make it the largest wine smuggling case uncovered in recent years in China, and the amount of taxes evaded according to the report alone amounted to RMB 127 million (US$17.5 million). Read More
Chinese Customs authorities in Gongbei, Guangdong have seized RMB 35 million (US$5.04 million) worth of smuggled Penfolds that were funnelled from tax-free Macau to mainland China, as demand for the popular Australian wine brand continues to remain high despite crushing tariffs. Read More
Treasury Wine Estates (TWE), the parent company of popular brand Penfolds, has secured a landmark win in China's highest court against Penfolds copycat 'Rush Rich' after six years of legal battle spanning courts in Australia and China. Read More
Over 30 magnums of top Bordeaux wines including all first growths are among wines that are rejected from entering into mainland China market for what Chinese authorities determined as “labelling issue”. Read More
A mastermind behind evading alcohol taxes in Singapore has been handed a lofty fine in the country's "largest and longest-running" booze syndicate. Read More
Lady Penguin, arguably the most influential personality in China's wine community, is found guilty of coordinating a smear campaign against competitor, a court verdict has shown. Read More
Tesla beer or Tesla soda anyone? Not so fast. The US electric carmaker never made such drinks, but a Chinese company has, and now the controversial drinks are at the center of a RMB 5 million legal dispute between Tesla and its maker. Read More
The Gongbei Customs in Shenzhen has busted a Macau driver smuggling 12 bottles of Hennessy X.O in his modified car stereo system.. Read More
A wine company lost 2600 bottles of wines after its wine smuggling operation gone awry. Read More