The news marks one of the most high-profile shakeups in China’s wine industry in recent years and reintroduces a pioneering figure at a time when the market is grappling with prolonged decline and in need of fresh leadership and direction. Read More
Companies
ProWein opened this year with a heavy chip on its shoulder, and Trump’s untimely tariff threat on EU wines only heightened the tension. Competition with Wine Paris is fierce, but our interviews with producers and buyers revealed that the trade fair performed much better than expected. Read More
Chen’s departure is not an isolated case — it underscores a broader trend of wine outsiders, many of whom entered the industry during its boom years, now pulling back as the market contracts and competition intensifies. Read More
EMW Fine Wines (EMW), one of China's top wine importers, today announced that its Board of Directors has appointed Oscar Nagore, as Chief Executive Officer, effective in April. Read More
Sam's Club is argulably the most successful wine retailer in China right now, and here are the top selling reds and whites. Read More
Dairy Farm Internatinal Group (DFI), the operator of Hong Kong's leading supermarket and retail chains including Wellcome and 7-Eleven convenience stores, has announced leadership changes. Read More
Despite a challenging economic climate and cautious capital markets, investors are betting big on China’s instant alcohol retail boom. Read More
COFCO Wine and Wine, the state-owned wine importing company, is foraying into China's booming instant retail for wine. Read More
Warren Buffett’s Berkshire Hathaway invested US$1.24 billion in Constellation Brands in the fourth quarter of 2024, marking the first time the billionaire’s firm has taken a stake in the global alcohol company. Read More
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More