The European Union is pushing India to lower tariffs on wine, spirits, and other key exports as part of efforts to boost bilateral trade, while concerns mount over potential U.S. tariff hikes on European goods. Read More
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Dairy Farm Internatinal Group (DFI), the operator of Hong Kong's leading supermarket and retail chains including Wellcome and 7-Eleven convenience stores, has announced leadership changes. Read More
Exports of Ningxia wine surged 125% in 2024 despite a global economic downturn that weakened wine sales, former Hong Kong Chief Executive Leung Chun-ying said … Read More
Despite a challenging economic climate and cautious capital markets, investors are betting big on China’s instant alcohol retail boom. Read More
Japan’s sake exports grew 6% in 2024, driven by strong demand in North America and Europe, while sales in Asia, its largest market, declined. Read More
Spain’s Rioja wine exports grew 4.42% in 2024, buoyed by strong demand in the United Kingdom and United States, even as the global wine market continued to contract. Read More
COFCO Wine and Wine, the state-owned wine importing company, is foraying into China's booming instant retail for wine. Read More
As romance went digital, wine became an unexpected star on instant retail channel, and revelers are not going for traditional reds. Read More
Warren Buffett’s Berkshire Hathaway invested US$1.24 billion in Constellation Brands in the fourth quarter of 2024, marking the first time the billionaire’s firm has taken a stake in the global alcohol company. Read More
Bordeaux’s wine production fell to its lowest level in more than three decades in 2024, driven by climate challenges, declining global demand, and strategic supply cuts by winemakers. Read More