A total of 34 listed companies — including leading brands such as Rémy Martin, Hennessy, and Martell — will be exempt from anti-dumping tariffs as long as they sell their products in China at or above agreed minimum prices. Read More
Companies
New data from 2024 reveal a steep 29.3% drop in total duty-free sales, reflecting both weakened consumer sentiment and the fading allure of Hainan’s “tourism + duty-free” model. Read More
King Power, Thailand’s duty-free monopoly at five major airports, is seeking to terminate its long-term concession contracts early, saying a collapse in Chinese tourism and the government’s scrapping of wine import duties have severely undercut sales and made its business unsustainable. Read More
Treasury Wine Estates has launched a A$15 million dedicated facility for low- and no-alcohol wine production in South Australia’s Barossa Valley, marking a major investment in the growing global demand for lower-alcohol alternatives. Read More
China’s leading wine importer ASC Fine Wines has launched a sweeping strategic overhaul, introducing a direct-to-consumer membership club, custom brand solutions, and a dedicated logistics partnership, as the company returns to the control of its founding St. Pierre family following a completed share transfer from Japan’s Suntory Group. Read More
Changyu's General Manager characterised the industry’s woes with three “cliff-like” declines: in consumer sentiment, in consumption occasions, and in channel momentum. Read More
But unlike the 2012 “Eight-Point Regulation” that once gutted the sector, industry veterans say this round of restrictions is unlikely to leave lasting scars. Read More
Treasury Wine Estates named Sam Fischer as its next chief executive officer, replacing Tim Ford after a five-year tenure that saw the company navigate pandemic disruptions, trade tariffs, and a strategic overhaul of its wine portfolio. Read More
The price of Feitian Moutai — long considered the “gold standard” of China’s alcohol market — is feeling the chills of China's cooling business environment, as its price drops to a four year low. Read More
LVMH will cut 1,200 jobs—about 12% of its global workforce—at its wine and spirits division Moët Hennessy. This follows similar move by Remy Martin. Read More