Australia's biggest wine company, Treasury Wine Estates, has issued a profit warning as much as 20% for its core earnings for fiscal year 2020 and withheld guidance for 2021 due to the coronavirus pandemic. Read More
Wine
One 6-litre Methuselah of Romanée-Conti 1999 doubled its previous estimate and was sold for over HK$2.1 million, as part of the Sotheby's three-day wine auction that saw fierce bidding and stunning results. Read More
The fourth vintage of Ao Yun, the Chinese wine owned by LVMH, was released in the UK yesterday at £2,340 per case (12 bottles), offering a 10% discount for its best rated wine yet. Read More
Chateau de Pic, a Chinese-owned Bordeaux estate in Cadillac, has been sued by its local employees after abruptly firing its staff and failing to pay five months of salary, bringing the winery’s poor management and dire financial situation into the forefront. Read More
Australia made a point in its Vision 2050 report to reduce its heavy reliance on China, and cross-border travel ban between China and Hong Kong will take its toll on the grey market wine trading. Read More
The "real brights spots" driving China's wine market growth pre-Covid will return once the market normalizes, says IWSR CEO. Read More
Remember when people used to say that beer tasted like urine? Some people in China started spreading rumors that it doesn't just taste like it but is made out of it. Read More
The goal for the nation-wide promotion tour is to empower wine trade to gain more resources to communicate and promote wines in China. Read More
With coronavirus brutalizing China’s wine sales in the first few months of the year, much-anticipated recovery to pre-Covid level will likely arrive in the last quarter of the year, according to sommeliers and importers interviewed for the article. Read More
Dr Michele Allan has been appointed as the new Chair for Wine Australia, starting from July 4 for a three-year term. Read More