China mulls cutting down hotel quarantine to 2 days and its new Q3 data suggests better-than-expected result as the country welcomes a new leadership. Read More
Latest news
Treasury Wine Estates has announced that it has completed its majority acquisition of Château Lanessan in Haut Medoc, which would allow Penfolds to double its existing production capacity in France. Read More
Japanese wine drinkers will have to dig deep to pay for their favorite bottles as wine retailers and merchants in the country pass on price hikes to end consumers as Japanese yen continues to depreciate. Read More
Three years into her role as CEO of IWSC, Christelle Guibert reflects on how she revitalized the legacy institution and its relevance today in the age of social media. Read More
Australia has appointed two country managers for Japan and South Korea to grow Australian wine as it tries to diversity and intensify Australian wine exports during "a really challenging time" amid sharp export drops to China. Read More
China’s millennials and Gen Z who wield “considerable purchasing power” are reshaping China’s multi-billion wine market, as they become the main drinking force behind expanding country’s overall wine market size and per capita consumption in the next five years. Read More
For anyone hoping that China would open up after 20th Party Congress, you will have to wait longer. Meanwhile a set of data is causing concerns in the trade as it estimates the country faces a RMB 300 billion alcohol glut. Read More
As travel resumes, Korean Air has revamped and unveiled its newly introduced wine selections for its first class, business and economy classes, which will be served on board starting from March 2023. Read More
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
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