Beam Suntory, the owner of Marker’s Mark and Hibiki whisky, is reportedly considering selling its spirits brands including Pinnacle Vodka and Cruzan Rum, according to a Bloomberg report. Read More
Asia
Japan's drinks giant Suntory has consolidated its wine ranges and launched a new brand called SUNTORY FROM FARM to grow domestic wine market. Read More
Following a week of intensive judging by 56 judges in Hong Kong, and a full audit and analysis of the scores, full results of the 14th Cathay Hong Kong International Wine & Spirit Competition (HK IWSC) were announced, revealing impressive wins from established wine regions and surprises from emerging regions. Read More
Auction house Sotheby's has appointed George Lacey as its new Head of Wine for Asia, replacing Paul Wong, it has announced in a press release. Read More
In one of its grimmer estimates, Liv-ex warned that with China’s sagging economic growth and political uncertainties, its allure for global wine merchants has dimmed and the country “will not be riding to the rescue of the global wine trade in difficult times ahead”. Read More
North Korean ruling elites’ penchant demand for fine wines and spirits has revived China’s liquor exports to the isolated country, two years after it sealed off its borders in early 2020 in face of Covid. Read More
Australia’s annual wine exports contracted 11% in value to AU$2.01 billion but Wine Australia is sanguine about its future as it is seeing “the tail end of the decline” in exports to mainland China. Read More
Japanese wine drinkers will have to dig deep to pay for their favorite bottles as wine retailers and merchants in the country pass on price hikes to end consumers as Japanese yen continues to depreciate. Read More
Australia has appointed two country managers for Japan and South Korea to grow Australian wine as it tries to diversity and intensify Australian wine exports during "a really challenging time" amid sharp export drops to China. Read More
As travel resumes, Korean Air has revamped and unveiled its newly introduced wine selections for its first class, business and economy classes, which will be served on board starting from March 2023. Read More