Australia’s second-largest wine group, Accolade Wines, will merge with Pernod Ricard’s Australian, New Zealand, and Spanish wine businesses for an undisclosed amount. The deal aims to strengthen the combined entity's position amid industry challenges facing wine. Read More
Market analysis
This week, China will hold a hearing on the EU brandy anti-dumping investigation, paving the way for final announcement on punitive tariffs. Read More
China is expected to become a full member of the OIV this November, giving the country greater influence in formulating international standards and regulations on wine production and consumption. Read More
Imported wines in China might get more expensive with the new consumption tax reform discussions. The proposed reform has drawn significant attention from the wine trade within the country, splitting opinions. Read More
It's a worrying sign when the popular Penfolds is experiencing slow sales, but some merchants remain hopeful for upcoming festive season. Read More
Beijing has raised the purchasing limit for mainland tourists visiting Hong Kong and Macau to boost Hong Kong’s sluggish retail sales, but this has raised concerns about incentivizing larger-value, cross-border wine smuggling. Read More
Despite unparalleled challenges facing wine, this industry titan who founded China's biggest wine importer has undiminished optimsim, citing three main reasons. Read More
A recent survey by China’s official drinks trade body has sounded alarms about the country’s future generation's aversion to wine, revealing that 25% of university students in China abstain from drinking wine, primarily due to a dislike of its taste profile. Read More
Highlighting the extreme fragmentation of Chinese wine market, the General Manager of Penfolds in China, described the local market that as highly "atomized," indicating extreme fragmentation beyond typical market segmentation.
Read More
Despite what has been known as quiet selling, China's trendsetting social media app Xiaohongshu has become a powerful tool for brands to "plant grass," and wine is among the most popular topics on the platform. Read More