China's leading wine importer ASC Fine Wines staged its first large-scale portfolio tasting of the year, infusing art, nature with wine during the country's largest wine and spirits fair in Chengdu, as confidence gradually returns to the wine industry, boosting market outlook. Read More
Companies
Summergate, one of China's leading wine importers, is facing business closure after 24 years in the business. Read More
China’s biggest online drinks retailer 1919.cn has announced that it is suspending its trading on China’s third national equity trading venue starting from February 17, paving its way for eventual delisting. Read More
French drinks giant Pernod Ricard is planning to raise prices for its drinks due to inflation pressure and stablized demand for spirits in its top markets in the US and China. Read More
South Korea’s leading retail giant Lotte is eyeing to purchase domestic and foreign wineries in an effort to beef up its wine business, bolstered by the country’s fast-expanding domestic wine market. Read More
Crurated, the London-based membership wine community, announced this month that the company has raised US$7.2 million from a group of private investors to further evolve … Read More
Hennessy V.S.O.P has unveiled a new sleek, more versatile and eco-friendly design that has been conceived to reduce carbon footprint, as it aims to use eco-designed packagings for all of its new products by 2030, the Cognac producer has announced. Read More
Ahead of Lunar New Year, Japan’s number one beer brand Asahi Super Dry has unveiled a limited edition design on cans and outer-packaging exclusively for Hong Kong, mainland China, Taiwan, Singapore and Malaysia. Read More
Two of Korea’s conglomerates have officially launched their retail wine business in the country following their high-profile purchases of Napa vineyards to sate South Koreans' growing thirst for wine. Read More
China’s leading wine and spirits importer and distributor Summergate, which was bought by Australia’s Woolworths Group in 2014 has been sold to Gravity Capital, a private equity firm in Asia, for an undisclosed amount, Woolworths Group has announced. Read More