Industry leaders from BBR, Wine's Link, Northeast Wines & Spirits, and MyiCellar are applauding Hong Kong's new spirits tax cut and revealing how it will reshape the city’s high-end spirits trade. Find out what this game-changing move means for the future of Baijiu and luxury liquor in Hong Kong.
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Markets
The shift toward budget-friendly wine has fueled the success of low-cost options like Aldi’s offerings and Saizeriya’s house wines. As Chinese consumers trade down, some industry experts believe this trend could actually broaden wine’s appeal in the market, making it more accessible than ever. Could affordable bottles spark the next wave of wine culture in China? Find out how the market is evolving. Read More
Argentina exported 178,000 liters of wine to China, but the value accounts for just 6% of what is exported to the US. Read More
While wine sales for business and gifting have notably declined, unconventionally packaged wines are finding new avenues for growth. Here's our full report. Read More
Aleksandr lugov, a notorious wine fraudster who had been previously convicted of faking fine wines including the rarefied Domaine de la Romanée-Conti (DRC) in 2017, was again arrested in Italy seven years later. Read More
The conglomerate is also an investor in Googut Spirits, a Chinese drinks company known for its vintage Baijiu and the owner of YesMyWine.com, which was once dubbed the “number one global wine e-commerce platform” by Bordeaux École de Management. Read More
Korea’s wine market continues to contract in the first half of the year, as the country’s leading importers including Nara Cellar and Lotte are reporting profit loss - more than 240% in one case. Read More
Hong Kong has announced a major reduction in its spirits tax, slashing it from 100% to 10% on spirits priced above HKD 200 (US$25) per bottle, in a bid to replicate the success of its earlier wine tariff removal. Read More
TWE has agreed to a AU$65 million (US$43.47 million) settlement to resolve a class action alleging the company breached its continuous disclosure obligations and provided misleading earnings guidance following a downgrade in 2020. Read More
Wine has enjoyed the highest growth among all alcoholic beverages in Taiwan, earning it a nickname as "red gold" in Taiwan. Read More