Several investment banks have downgraded their target prices for TWE following the news of its withdrawl of profit guideline. Read More
Companies
The regulator found that PwC failed to obtain “sufficient appropriate audit evidence” to verify Dynasty’s reported revenues for fiscal years 2010 and 2011, yet still issued an unqualified audit opinion. Read More
Vino Joy News uncovers the identity behind California’s latest wine world intrigue — and why a biotech magnate is swapping peptides for Pinot in Napa and Sonoma. Read More
Longtime wine importer Shanghai Mercuris Wines Co., Ltd. has denied rumours of its closure after speculation spread across the trade, calling the claims “nonsense.” Read More
When a 50% baijiu struggles to sell but a 15% fruit-flavoured version can move 10 million bottles in six months, it’s clear the wind has shifted in China’s liquor market. Read More
Australian wine giant Treasury Wine Estates (TWE) has cut its earnings forecast for its flagship brand Penfolds for the first time this year, citing a slowdown in China as the biggest drag on growth. Read More
Mixue, the world’s largest food and beverage chain by store count, has invested more than US$41 million in a beer company. What’s driving the tea giant’s bold move into the brew business? Read More
ProWein, the world’s leading trade fair for wines and spirits, is rebranding and relaunching in 2026 as “ProWein Düsseldorf” with a new look and broader scope, as the industry struggles with falling global wine sales and rising exhibition costs. Read More
The World Health Organization has watered down its language on alcohol in a new United Nations health agreement, following months of heavy lobbying by the global drinks industry, delivering a much needed win for the global drinks industry. Read More
China’s wine drinkers are getting younger, more adventurous, and more diverse — and they’re pushing white wines to 39% of EMW’s sales. CEO Oscar Nagore shares with us how instant retail, BYOB culture, and new consumer habits are reshaping the future of wine. Read More