In an overcrowded global wine market, where trends come and go, one wine star has quietly proven that it is here to stay. Read More
Asia
Leading wine merchants in South Korea are facing significant financial strain as the nation's wine market cools, with major importers reporting a sharp decline in sales that has cut their market value and profits by more than half. Read More
ASC Fine Wines, the leading wine importer and distributor in China and a member of the Suntory Group, joined the global celebration of Suntory's 125th anniversary by participating to the group’s newly designated “Suntory Philosophy Month.” Read More
Will the Chinese buyers, once the backbone of Vinexpo Hong Kong, return in force amidst an economic cooldown? Or if their absence signals a deeper and more lasting change in demand and consumption patterns. Read More
India's beverage alcohol market is tapped to record significant growth, driven by a youthful population with up to 20 million new consumers annually and an increasing preference for premium products, according to IWSR. Read More
The French wine and spirits sector witnessed a notable decline in exports in 2023, with figures falling 5.9% to €16.2 billion admist global economic challenges, prompting the President of FEVS to call it "a wake-up call" for French wine and spirits companies. Read More
Treasury Wine Estates, the Australian wine giant that owns Penfolds, says it’s “prepared and well placed” to resume shipping of its wines including Penfolds Bin and Icon series to the Chinese market once Beijing completes tariff review as soon as next month. Read More
South Korea is looking into raising purchasing limit for duty-free alcohol as a way to boost tourism, the country's Korea Customs Service (KCS) has revealed. Read More
Australian wine exports declined in 2023, falling significantly below long-term averages due to a slowdown in Europe and North America amid softening global wine demand and lukewarm sales. Read More
After three years of rapid growth, Korea's imported wine market is experiencing a downturn as home consumption decreases and inventories accumulate. Read More