Wine is expected to be the only major alcohol category to shrink in volume over the next decade, even as the global beverage alcohol market adds US$34 billion in value, according to new forecasts from IWSR. Read More
Beer
Following LVMH’s announcement of job cuts within its wines and spirits division, beer giant Budweiser has also confirmed workforce reductions across the Asia-Pacific region. Read More
Treasury Wine Estates named Sam Fischer as its next chief executive officer, replacing Tim Ford after a five-year tenure that saw the company navigate pandemic disruptions, trade tariffs, and a strategic overhaul of its wine portfolio. Read More
In Taiwan, the annual growth rate of imported sparkling wines reached 9.7%.
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On September 26, Asia Wine Service & Education Centre (AWSEC), Asia’s leading professional wine, sake, spirits, and beer education provider, celebrated its 30th anniversary with a gala dinner at The Langham Hong Kong. Read More
The fast growth of instant O2O liquor retail marks a significant shift towards convenience and speed, and has become a new focus for growth even in challenging times. Read More
According to data from China's Bureau of Statistics, Chinese residents, on average, allocated about 30% of their spending to food, tobacco, and alcohol, including wine, last year. Read More
Oktoberfest Macau at MGM is back to brew a storm this October at the glitzy MGM Cotai. Read More
Japan's No. 1 beer has gone through its first taste refinement since its launch over 30 years ago. It's now available in Asia. Read More
Authorities in Hong Kong has raided an unlicensed bar in Yuen Long, which led to 29 arrests and a haul of 192 cans of beer. … Read More