The drop was driven largely by a 17% fall in Cognac and other spirits, while Champagne and still wines slipped just 1%. Read More
Companies
Global markets can carry on without the US, Suntory Holdings Ltd. Chairman and CEO warned in a Bloomberg TV interview, saying President Donald Trump’s threatened tariffs are killing investor appetite for U.S. ventures. Read More
Vats Liquor clearly pointed out a structural shift in China: corporate spending on alcohol is softening and individual consumers and online channels are stepping into the breach. Read More
Sotheby’s has released its 2024 Wine & Spirits Market Report, showing that while the United States recorded impressive gains—overtaking Hong Kong in annual wine sales for the first time—Asia continues to hold its ground. Read More
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
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