In a rare public disclosure, the GM of the liquor supply chain company under state-owned conglomerate C&D Inc. shared its 2024 sales revenue. Read More
Companies
Following sweeping changes brought about by zero wine tariff, who are Thailand's top wine importers leading the charge? Read More
Moët Hennessy has named a seasoned Asia hand in Hong Kong to revive its North Asia business amid slumping Cognac sales and 1,200 job cuts.
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At a Shanghai ceremony presided over by the city’s mayor, global giants from aerospace to fashion pledged US$3.68 billion to deepen ties with China — and ASC Fine Wines stood out as the only wine company making a bold new bet. Read More
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
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