Hong Kong-listed Grace Wine Holdings has proposed changing its name as it expands beyond wine under the control of the founder of Chinese drinks retailer 1919. Read More
Companies
Treasury Wine Estates, the Australian wine group behind Penfolds, has cut about 170 jobs worldwide and is selling several brands as it restructures its business following a sharp decline in U.S. earnings. Read More
Berry Bros. & Rudd plans to sell its Japanese wholesale business to Coterie Holdings as the British wine merchant sharpens its focus on private clients in Japan and across Asia. Read More
Constellation Brands’ wine and spirits net sales fell 26% in the first half of its fiscal year, although organic net sales rose 12% after excluding the impact of divested businesses. Read More
Singapore ruling confirms Gregory Clerc’s removal from a board within the drinks group’s ownership structure, but he remains group CEO.
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Chai Eamsiri denies wrongdoing over a reported purchase of 860,000 bottles as the airline investigates its handling of flood-related disruptions. Read More
The Chandon grape-growing venture has liabilities exceeding its assets as Ningxia State Farm Group seeks a full exit.
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ASC Fine Wines has expanded its exclusive import and distribution agreement for Los Vascos to Greater China, extending a partnership with the Chilean wine estate’s owner, Domaines Barons de Rothschild Lafite, beyond Hong Kong to mainland China. Read More
The convenience store chain is discounting G7 and Yellow Tail as it seeks to make wine part of everyday drinking occasions.
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Two of China’s publicly traded drinks retailers, VATS Liquor and Liquor Easy, reported first-half losses as weaker spending and falling prices for major spirits brands put pressure on sales, prompting efforts to cut costs and reduce inventory. Read More