A Chinese entrepreneur set a new record at the annual Hospices de Beaune wine auction after paying €400,000 for the Pièce des Présidents, the event’s headline charity barrel. Read More
Markets
Links Concept Family Wine Merchants, one of Hong Kong’s leading wine importers, has been acquired by the United Kingdom–based Coterie Group, becoming part of the company’s expanding global portfolio spanning wine sales, storage and superyacht supply services. Read More
Thailand’s food and beverage sector has been thrown into turmoil after a significant amendment to the Alcohol Control Act came into effect last week, introducing consumer penalties for drinking during restricted hours — a first in the country’s legal history. Read More
Speaking with Vino Joy News during his visit to the Hong Kong Wine & Dine Festival, Allan Sichel outlined how Bordeaux is navigating this period of change — from export struggles and its new campaign for consumer engagement to the uncertain future of en primeur. Read More
ASC Fine Wines has signed a memorandum of understanding with Shanghai’s Free Trade Zone operator in an ambitious move to redefine how fine wines enter and access the China market. Read More
At the flagship Hyundai Department Store in Seoul, a limited-edition bottle of Macallan whisky sold out in under ten minutes. In the lobby, young customers queued for what many described as a “different kind of shopping experience.” Read More
French wine critic Michel Bettane says the overall technical standard of Chinese wines now surpasses what he and his team often encounter in their annual tastings in France — a sign, he believes, that China is undergoing an "astonishing awakening of terroir." Read More
China’s biggest listed liquor distributor, VATS Liquor, saw RMB 325 million (US$ 45 million) wiped off the value of its baijiu and wine inventories that pushed the company into the red. Read More
China’s brandy market has yet to recover despite the government’s conclusion of its long-running anti-dumping investigation earlier this year. Read More
Despite the overall drops, there are reasons to be cautiously optimistic. Australia's average export price surged over 83%, and New Zealand wines coninued its stunning rise. Read More