Shipments to mainland China jumped 72% by volume, while gains across Asia helped offset weakness in New Zealand’s largest export market. Read More
Wine
Two key subsidiaries of the drinks distributor owe RMB127 million in back taxes and late-payment charges. Their location highlights the role of regional tax incentives, but the company has not disclosed what triggered the bill.
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China’s wine merchants are seeing a paradox this Mid-Autumn Festival: customers are buying better wines without necessarily spending more. Falling prices are bringing prestigious labels within reach, but squeezing the margins of the businesses selling them. Read More
ASC Fine Wines has expanded its exclusive import and distribution agreement for Los Vascos to Greater China, extending a partnership with the Chilean wine estate’s owner, Domaines Barons de Rothschild Lafite, beyond Hong Kong to mainland China. Read More
Henry Tang, the former Hong Kong official who helped lay the foundations for the city’s duty-free wine trade, is putting more than 800 lots from his private collection up for auction at Christie’s next month. Read More
The Chianti Wine Consortium is using artificial intelligence and other digital tools to scan the global internet for counterfeit Chianti wine and improper use of the "Chianti" name. Read More
Authorities seized 112 bottles and thousands of mooncakes near the Chinese border in an unusual case involving Chinese-made wine. Read More
The convenience store chain is discounting G7 and Yellow Tail as it seeks to make wine part of everyday drinking occasions.
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The importer’s new Beijing and Shanghai venues put tastings and service at the centre of its strategy following the St. Pierre family’s buyback.
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Two of China’s publicly traded drinks retailers, VATS Liquor and Liquor Easy, reported first-half losses as weaker spending and falling prices for major spirits brands put pressure on sales, prompting efforts to cut costs and reduce inventory. Read More