Bordeaux’s wine production fell to its lowest level in more than three decades in 2024, driven by climate challenges, declining global demand, and strategic supply cuts by winemakers. Read More
Markets
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More
South Korea’s off-trade (retail) sector has played a key role in boosting Bourgogne white wine sales. Read More
French wine and spirits exports fell for a second consecutive year in 2024, dragged down by weaker demand in China, according to a report released Tuesday by FEVS. Read More
Wine Paris, the three-day trade fair, drew 52,622 visitors from 150 countries from Feb. 10-12, setting a new record for attendance. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More
The network is suspected of exporting up to 24,000 liters of fake wine, with an estimated financial impact reaching millions of dollars. Read More
China is raising tariffs on several types of alcohol, including vermouth, brandy, and whisky, in a move that is expected to further strain the country’s sluggish liquor market. Read More
What does it take to create an icon? For Chile’s Icio, its most revered Pinot Noir, the journey was anything but conventional—this is the story of how it was born. Read More
Luxury conglomerate LVMH reported a 35.7% decline in operating profit for its wine and spirits division in 2024, as weaker demand in China and a challenging global market weighed on sales. Read More