Breaking: Fine wine merchant Sarment is closing business across Asia
Fine wine merchant, Sarment, is shutting down its business in mainland China, Hong Kong, Singapore and Japan, less than two years after it was sold to Paolo Bulgari.
Tag: asia
Diageo says virus outbreak could wipe out up to £325m sales
The spirits giant Diageo estimated that the fast-spreading COVID-19 disease could shave off up to £325 million of net sales for the group, as the virus outbreak forced many restaurants and bars to shut doors across Greater China region.
Study says tiger mom can drive children to alcoholism
A study by researchers at Arizona State University in the US found that children brought up by tiger moms are more likely to have problems with alcohol abuse later in life.
TWE 2019 profits buoyed by Asia
Strong demand for premium wines and mass-produced wines has driven up sales and profits for Australian wine giant Treasury Wine Estates.
Winners of first ‘Belt and Road’ sommelier competition announced
The winners of the inaugural Belt and Road Sommelier Challenge (Asia) have been announced with Hong Kong sommelier Reeze Choi taking home the championship.