Korea’s wine market continues to contract in the first half of the year, as the country’s leading importers including Nara Cellar and Lotte are reporting profit loss - more than 240% in one case. Read More
Companies
TWE has agreed to a AU$65 million (US$43.47 million) settlement to resolve a class action alleging the company breached its continuous disclosure obligations and provided misleading earnings guidance following a downgrade in 2020. Read More
China’s Ministry of Commerce announced on Monday it will impose anti-dumping deposits ranging from 30.6% to 39.0% on brandy imported from the European Union, starting from October 11. Read More
These appointments signal Bonhams’ expansion in the wine business in Asia, in conjunction with the launch of its new Asia headquarters in Hong Kong on October 14. Read More
On September 26, Asia Wine Service & Education Centre (AWSEC), Asia’s leading professional wine, sake, spirits, and beer education provider, celebrated its 30th anniversary with a gala dinner at The Langham Hong Kong. Read More
The majority shareholder of Henan Liquor Easy Trading Corporation Limited (JBL), one of China’s largest alcohol retailers with annual revenues of 1.7 billion RMB and over 300 physical stores, has reportedly disappeared from public view. Read More
Areni Global, an international independent think tank for wine research, has officially become a research and industry associate of the Institute of Masters of Wine (IMW), enhancing the potential of knowledge exchange and collaboration of public events between the two bodies. Read More
A Vino Joy News investigation found that sales of premium wines in this channel, which allows consumers to buy duty-free products without leaving the country, are facing pressure from traditional wholesalers and cross-border e-commerce platforms, where prices are more competitive. Read More
Vivino, the popular wine rating and sales platform, is set to open its first-ever physical store in Singapore, marking the company's continued expansion into the Asian market following its earlier entry into China. Read More
China’s Ministry of Commerce announced Tuesday that it will not impose immediate anti-dumping duties on European Union brandy imports, despite finding that the products are being dumped in the Chinese market with margins ranging from 30.6% to 39.0%. Read More