Restaurants in Hong Kong are closing at a faster pace than new ones are opening, marking the city’s first net decline in food and beverage establishments in six years, according to new research. Read More
Markets
This reaffirms China's importance to Australia but at the same time sounded alarm that the renewed reliance may expose Australia’s wine sector to similar vulnerabilities in the future. Read More
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
China’s sweeping new tariffs on American goods are already having unintended consequences—driving up smuggling activity as premium wine labels like California’s Opus One become increasingly lucrative targets for illicit trade. Read More
This year's ProWine Hong Kong will feature broadened international participation, an expanded wine and spirits showcase, and the debut release of its China market report. Read More
Billionaire William I. Koch, one of America’s most prolific—and most litigious—wine collectors, will auction off 1,500 lots from his prized cellar next month in what Christie’s calls a “once-in-a-generation” sale expected to fetch US$15 million. Read More
Accolade Wines has completed its merger with Pernod Ricard’s wine business to form a new global wine company named Vinarchy and will begin phasing out around 50 brands over the next two years, the company confirmed. Read More
Commissioned by ProWine China and produced in partnership with Geisenheim University, this marks the first survey to capture both domestic trade professionals’ and international producers’ perspectives on China’s wine market. Read More
Boidevezi brings more than 20 years of leadership experience at the LVMH-owned spirits and wine house, having most recently served as President of the Asia Pacific Domestic Region, President of Global Travel Retail and President of Private Sales. Read More
India recorded a staggering 30,017% surge in Spanish wine imports in 2023 — yet the spike caught nearly everyone in the industry by surprise. Read More