Sotheby’s has released its 2024 Wine & Spirits Market Report, showing that while the United States recorded impressive gains—overtaking Hong Kong in annual wine sales for the first time—Asia continues to hold its ground. Read More
USA
As US tariffs takes effect today, more EU producers are looking elsewhere to offset US loss. Can Asia be the answer? Read More
The Bourgogne Wine Board (BIVB) warned the new tariff could cost the region’s producers up to €100 million (about US$108 million) in lost export revenue, dealing a serious setback in what has long been their largest overseas market. Read More
Merchants are already suspending EU wine purchases and warning of mass bankruptcies and layoffs if Trump’s threatened 200% tariff on European wine is implemented. Read More
Japan’s sake exports grew 6% in 2024, driven by strong demand in North America and Europe, while sales in Asia, its largest market, declined. Read More
Warren Buffett’s Berkshire Hathaway invested US$1.24 billion in Constellation Brands in the fourth quarter of 2024, marking the first time the billionaire’s firm has taken a stake in the global alcohol company. Read More
Shares of major alcohol companies fell after U.S. Surgeon General Vivek Murthy linked alcohol consumption to cancer risks and called for warning labels on alcoholic beverages. Read More
Renowned for its bestselling budget-friendly soju, the Korean drinks giant Hite Jinro is expanding its portfolio with American wines. Read More
Continuum, the grand vin made from a blend of Cabernet Sauvignon, Cabernet Franc, Merlot and Petit Verdot, was for a long time the singular focus of Tim Mondavi, who learned from past experiences not to dilute brand identity.
Read More
American wines are quietly expanding their market in China despite heavy tariffs, thanks to a little-known tax reprieve that allows importers and wineries to slash punitive tariffs by nearly half. Read More