The Penfolds owner freezes its shares ahead of a crucial market update, following a A$687 million U.S. impairment and weakening demand in China.
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China
As tariffs lift and Australian wine re-enters China, leading Australian wine importer Mega Wines confronts a transformed market defined by shrinking business demand, cautious distributors and shifting consumer tastes.
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A tiny bistro inside a Guangzhou AEON is drawing crowds with ultra-cheap glass pours — reshaping wine habits and redefining what an entry-level wine experience can be.
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As global volumes fell 9.2% in 2024, Champagne Lenoble CEO Guillaume Truchot says the softer market is proving favourable for smaller, terroir-driven houses focused on quality rather than scale. Read More
China has granted formal geographical indication (GI) protection to 70 Bourgogne wine appellations, extending legal safeguards from prestigious Grand Crus such as Montrachet to village-level names including Pommard and Côte de Nuits-Villages. Read More
To understand what is really happening in China and across Asia, Vino Joy News sat down with François-Xavier Maroteaux of Château Branaire-Ducru, who became president of the Union des Grands Crus de Bordeaux (UGCB) in February. Read More
Fliggy, Alibaba Group’s travel-services platform, has signed an agreement with the Bordeaux Chamber of Commerce and Industry and the Great Wine Capitals Global Network to develop a series of winery travel experiences aimed at Chinese tourists. Read More
China's delivery giant Meituan is reporting a record quarterly loss amid rising price war among its competitors. Read More
Headline figures appear strong, but beneath the month-long sales blitz, the real story of the drinks sector is more nuanced. Drawing on public data and platform releases, Vino Joy News reviews what this year’s Singles Day reveals about China’s alcohol business. Read More
Chinese authorities arrested three suspects and seized more than 4,300 bottles of finished and semi-finished fake Penfolds in Hubei province. Read More
