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
Market analysis
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
ProWine Mumbai is set to stage its biggest edition yet this year, with more than 180 exhibitors from 21 countries and a record 6,000 trade visitors expected to attend, underscoring India’s rapid rise as one of the world’s most attractive wine and spirits markets. Read More
In China, the world’s most ancient beverage is finding new life in an unexpected place — the wine glass. Wineries, brewers, and even retail giants are blending tea and alcohol, hoping to brew a new path to young consumers’ hearts — and wallets. Read More
The results, released this week, awarded 11 gold, 56 silver and 95 bronze medals to Chinese wines, with the highest score reaching 97 points. 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
The surge in white wine consumption in China has not only benefited traditional white wine-producing countries such as New Zealand and Germany but has also prompted some brands long associated with red wine to pivot. Read More
Vinexposium has abruptly cancelled its Vinexpo Mumbai trade show less than a month before it was scheduled to open. Read More
Officials are trying something unusual to warm things up: paying people to throw banquets - the latest attempt to revive an ailing food-and-beverage industry battered by the policy’s spillover effects. Read More
China National Association for Liquor and Spirits Circulation has released its first gauge on market confidence, while traditional brick and motar stores suffer, online and instant retail are booming. Read More