Several investment banks have downgraded their target prices for TWE following the news of its withdrawl of profit guideline. Read More
Wine
The regulator found that PwC failed to obtain “sufficient appropriate audit evidence” to verify Dynasty’s reported revenues for fiscal years 2010 and 2011, yet still issued an unqualified audit opinion. Read More
Vino Joy News uncovers the identity behind California’s latest wine world intrigue — and why a biotech magnate is swapping peptides for Pinot in Napa and Sonoma. Read More
Leveraging its algorithmic distribution and content ecosystem, Douyin has flipped the old model of “people looking for products” into one where “products find people.” Read More
In an era of instant retail, where speed sells and convenience reigns. But behind the glowing growth numbers, many distributors say they’re running faster just to stand still. Read More
Michelin, best known for its world-famous restaurant ratings, is planning to launch an independent wine evaluation system — one that it claims will rival, and even surpass, Robert Parker’s legacy. Read More
California Wines staged its first-ever Buyers Marketplace: Asia Edition in Seoul last week, marking a major step in its efforts to deepen ties with the region’s growing wine markets. Read More
China’s eight-day Mid-Autumn Festival and National Day holiday brought a mild rebound in dining and retail consumption — and with it, some signs of life in wine sales, particularly through on-demand delivery platforms. Read More
Longtime wine importer Shanghai Mercuris Wines Co., Ltd. has denied rumours of its closure after speculation spread across the trade, calling the claims “nonsense.” Read More
Australian wine giant Treasury Wine Estates (TWE) has cut its earnings forecast for its flagship brand Penfolds for the first time this year, citing a slowdown in China as the biggest drag on growth. Read More