Robert Foye, CEO of Accolade Wines, Australia’s second-largest wine producer, has announced his departure from the company. Read More
Leaders
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
Changyu Pioneer Wine Company, China’s largest wine producer, reported a nearly 40% decline in net profit for the first half of 2024, reflecting the ongoing challenges in the country’s wine market. Read More
In the exclusive interview with Xing Wei MW, the latest and youngest MW in China, he opens up about his past struggles, the arrogance and prejudice he once saw as the industry’s biggest challenges, why he considered leaving wine industry the moment he achieved the MW title, and what ultimately made him stay. 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
Penfolds has officially confirmed its plans to establish a vineyard and winery in China, marking a significant step in its localization strategy. However, the timeline and location for this ambitious project remains unclear. Read More
A prominent wine storage company in China’s southern Guangdong province is at the center of an unfolding crisis, with multiple importers reporting their inability to retrieve wine stocks amid the company’s mounting legal troubles and crippling debts. Read More
Treasury Wine Estates (TWE) has reported a 34.7% increase in sales revenue for its flagship brand, Penfolds, in the Asian market for fiscal year 2024, driven by strong growth in Thailand, Hong Kong, and Taiwan, as well as a recovery in mainland China during the fourth quarter. Read More
LVMH dominated the top 10 list, while China's Changyu came in fifth on the world's top 10 most valuable Champagne and Wine brand list. Read More
Kevin Lu, a Taiwanese sommelier, has earned the prestigious Master Sommelier (MS) diploma from the Court of Master Sommeliers, making him the first from Taiwan and only the second Chinese individual to achieve this distinction. Read More