Pierre Castel, one of the richest billionaires in the wine industry and founder of world’s third largest wine producer Castel, is being hit with US$416 million tax bill ordered by a Swiss court, according to a Bloomberg report. Read More
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Walmart, the supermarket chain operator, has taken up two boutique Bourgogne estates from lesser-known Bourgogne appellations, for its membership store Sam’s Club across China, as it beefs up its Bourgogne portfolio to attract the country’s expanding urbanites. Read More
Rumors of a possible alcohol ban within Chinese Communist Party and government organizations have sent liquor giant Kweichow Moutai's stocks briefly tumbling, wiping out millions of stock value, just when the liquor company has overtaken Tencent as the country's most valuable firm. Read More
Malbec, the single grape varietal that is so potently lionized in Argentina, is the star this month across the Pacific Ocean in China’s capital Beijing. Read More
ProWine Singapore staged from September 5-8 in the lion city became the only major sourcing platform for southeast Asian countries since the pandemic and will be an annual event instead of biennial trade fair. Read More
China’s holidaymakers cut back on travels and tourism related spending during the Golden Week of October but spending on dining and alcoholic beverages are on the rise as Covid rules discourage mobility. Read More
Average adult Koreans drank 53 bottles of soju, 83 bottles of beer last year despite declining alcohol consumption. Read More
Sotheby's will auction off what is dubbed to be the world's oldest single malt whisky from The Macallan this week in London. Read More
Despite late resumption of business in mainland China, WSET has reported that in the last academic year (2021-2022) students from a record 75 countries enrolled for a WSET qualification, taking their exams in 15 different languages. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, has finally unveiled its much anticipated made-in-China wine, which will be sold in the Chinese market exclusively starting from October. Read More