Your ultimate source for everything related to China's wine market
Hong Kong’s publicly listed wine company, Major Cellar, has issued a profit warning this month, alerting shareholders that the city’s months of social unrest and Covid-19 could shave off up to HK$35 million (US$4.5 million) of its profits for the year ended on March 31 2020.
Despite American president’s threat to remove Hong Kong’s special trade privileges, the city’s American wine importers and promoters remain undeterred by the news, counting on the city’s 2008 wine tax policy to insulate itself from the ongoing US-China tensions.
The annual Italian Wine Celebration which is normally scheduled for November in Hong Kong has been postponed to next year, the organizer has announced.
Here are your essential readings on China’s wine market this week: Chinese president Xi Jinping made a rare visit to Chinese wine region Ningxia last week, while Beijing is pushing to build Hainan as a free trade port like Hong Kong.
Auction house Acker Merrall & Condit has withdrawn a lot featuring a 1924 Romanee Conti for its upcoming Hong Kong auction on June 11-13 after American lawyer Don Cornwell, who became famous for his involvement in uncovering fraudster Rudy Kurniawan questioned its authenticity.
Hong Kong government is slashing exhibition prices for the November HKTDC International Wine & Spirits Fair by half to draw in wineries and visitors amid the city’s dwindling tourists and economic downturn.
Japanese whisky still commands whisky auctions, and a rare lot of ‘Ghost Series’ achieved top price at Bonhams’ latest online auction in Hong Kong.
The monthly Le Club Food & Wine event organized by French wine guide Bettane + Desseauve will return on MayContinue Reading
Wine merchants in Hong Kong started the year of 2020 optimistic. Then came the coronavirus pandemic. Survival more than profitContinue Reading
Mas de Daumas, the venerated wine estate from Languedoc, has ended its distribution agreement with Hong Kong wine importer AltayaContinue Reading