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
Wineries
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
This November, Nyetimber, the trailblazing English sparkling wine producer, is set to shake up the market with its debut at ProWine Shanghai, aiming to challenge the dominance of traditional sparkling wine regions and capture the attention of Chinese wine lovers. Read More
Australia's leading winery Brown Brothers and China's Vinehoo have teamed up in a "landmark" deal. Read More
Robert Foye, CEO of Accolade Wines, Australia’s second-largest wine producer, has announced his departure from the company. 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
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
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