The Chandon grape-growing venture has liabilities exceeding its assets as Ningxia State Farm Group seeks a full exit.
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China
A construction giant is backing Xige’s push into Yunnan, Sichuan and Tibet. What makes Chinese vineyards worth betting on in a wine downturn? Read More
China's newest MW on the finance detour that nearly took him out of wine, why his research paper tackled trade fairs, and what wineries still get wrong at Chinese expos. Read More
China’s wine merchants are seeing a paradox this Mid-Autumn Festival: customers are buying better wines without necessarily spending more. Falling prices are bringing prestigious labels within reach, but squeezing the margins of the businesses selling them. Read More
ASC Fine Wines has expanded its exclusive import and distribution agreement for Los Vascos to Greater China, extending a partnership with the Chilean wine estate’s owner, Domaines Barons de Rothschild Lafite, beyond Hong Kong to mainland China. Read More
Years of discounting and tepid En Primeur campaign have discouraged importers from buying Bordeaux. Now, with the Mid-Autumn gifting season under way, merchants are struggling to find the 2023 Carruades de Lafite. Read More
The importer’s new Beijing and Shanghai venues put tastings and service at the centre of its strategy following the St. Pierre family’s buyback.
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Two of China’s publicly traded drinks retailers, VATS Liquor and Liquor Easy, reported first-half losses as weaker spending and falling prices for major spirits brands put pressure on sales, prompting efforts to cut costs and reduce inventory. Read More
Chinese baijiu producer Guotai has launched two whiskies made using traditional baijiu fermentation methods and matured in bourbon casks, joining a growing number of domestic spirits companies seeking growth beyond a pressured baijiu market. Read More
Wang He’s HK$11.26 million offer would make him the Chinese wine producer’s largest shareholder as it expands into an already troubled spirits market. Read More