Château de La Rivière, a prominent Bordeaux wine estate linked to a fatal helicopter crash in 2013, has been sold by its Chinese owner to Luxembourg-based private equity firm GFI, marking the latest withdrawal of Chinese capital from France’s wine industry. Read More
Companies
The departure adds to a growing list of leadership shake-ups at the baijiu maker, which is majority-owned by London-based drinks giant Diageo. Read More
With 141 million yuan in legal disputes, stock dumping allegations, and whispers of liquidation, the unraveling of Chongqing Yifei reveals deeper trouble brewing in China’s traditional retail alcohol sector. Read More
China’s—and arguably the world’s—largest alcohol retail chain, 1919 Group, has announced plans to close approximately 1,500 stores, citing a misalignment in business philosophy with some of its franchise partners. Read More
LVMH’s Wines & Spirits division recorded the sharpest decline in recurring operating profit among all its business units in the first half of 2025, as cognac sales slumped in key markets despite a modest rebound in champagne and still wine. Read More
Diageo, the global spirits giant behind brands like Johnnie Walker and Guinness, announced on July 16 that CEO and board director Debra Crew has stepped down from her role with immediate effect. Read More
In a rare public disclosure, the GM of the liquor supply chain company under state-owned conglomerate C&D Inc. shared its 2024 sales revenue. Read More
Following sweeping changes brought about by zero wine tariff, who are Thailand's top wine importers leading the charge? Read More
Moët Hennessy has named a seasoned Asia hand in Hong Kong to revive its North Asia business amid slumping Cognac sales and 1,200 job cuts.
Read More
At a Shanghai ceremony presided over by the city’s mayor, global giants from aerospace to fashion pledged US$3.68 billion to deepen ties with China — and ASC Fine Wines stood out as the only wine company making a bold new bet. Read More