The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More
Companies
Results for the 2026 financial year, released on Aug. 6, showed that organic net sales in Greater China fell 34.9% year on year. Sichuan Swellfun, Diageo’s principal baijiu asset in China, is also expected to report a loss for the first half of 2026. Read More
Diageo has become the latest international spirits giant to face regulatory action in India over product compliance, following similar scrutiny of Pernod Ricard in one of the world's largest alcohol markets. Read More
LVMH’s wines and spirits division returned to growth in the first half of 2026, as improving demand for Hennessy Cognac in China and strong sales of Cloudy Bay helped lift organic revenue by 5%. Read More
The potential payout would exceed a third of Pernod Ricard’s annual profit as it faces mounting legal and regulatory pressure in its largest market by volume. Read More
Hong Kong-listed Grace Vineyard has taken another step away from its roots as one of China's best-known boutique wineries, investing in a historic baijiu producer as its new controlling shareholder accelerates plans to build a broader alcohol business. Read More
ASC Fine Wines has expanded its portfolio with producers ranging from Dominus Estate to Champagne Jacquesson and Ningxia's Devo, arguing each brand fills a specific role in China's evolving wine market. Read More
As global wine consumption continues to decline and inventories swell, some Argentine wineries are beginning to redirect wines originally intended for bottled sales into the bulk market. Read More
Stephanie Rigourd nearly slept in a tent during harvest, arrived in Singapore without speaking English, and fought her way to become partner and general manager of one of the city-state's leading fine wine companies. Read More