TWE has agreed to a AU$65 million (US$43.47 million) settlement to resolve a class action alleging the company breached its continuous disclosure obligations and provided misleading earnings guidance following a downgrade in 2020. Read More
Leaders
It is expected that 2024 will be one of the smallest vintages in recent history for renowned wine regions like Burgundy, Champagne, and Bordeaux, while the impact on Burgundy prices remains uncertain. Read More
On October 8, China’s most famous wine influencer, Wang Shenghan—known to millions as Lady Penguin—took to social media with an announcement that shocked millions of her fans. Read More
China’s Ministry of Commerce announced on Monday it will impose anti-dumping deposits ranging from 30.6% to 39.0% on brandy imported from the European Union, starting from October 11. Read More
These appointments signal Bonhams’ expansion in the wine business in Asia, in conjunction with the launch of its new Asia headquarters in Hong Kong on October 14. Read More
On September 26, Asia Wine Service & Education Centre (AWSEC), Asia’s leading professional wine, sake, spirits, and beer education provider, celebrated its 30th anniversary with a gala dinner at The Langham Hong Kong. Read More
Family-run Italian winery, Tenuta Viglione, located in the sun-soaked region of Puglia in Southern Italy, is expanding its presence in China, with a particular focus on Hong Kong. Read More
Unprecedented frosts hit Southern Australia last week, causing “widespread and significant” damage to the wine region, wiping out up to 90% of vines, according to local producers. Read More
China’s wine exports to Japan soared by 255% in 2023, according to recent trade data from Japan's Ministry of Finance. The value of these imports also jumped by 189%, signaling growing acceptance of Chinese wines in the Japanese market. Read More