Chateau Lafite Rothschild, the Bordeaux first growth, has launched a more affordable new wine targeting on-trade sector. Read More
Bordeaux
In one of its grimmer estimates, Liv-ex warned that with China’s sagging economic growth and political uncertainties, its allure for global wine merchants has dimmed and the country “will not be riding to the rescue of the global wine trade in difficult times ahead”. Read More
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
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
The value of the wines involved would make it the largest wine smuggling case uncovered in recent years in China, and the amount of taxes evaded according to the report alone amounted to RMB 127 million (US$17.5 million). Read More
Franck Labeyrie, the French winemaker whose inventive ageing methods of immersing wines deep under sea and later more daringly under snow, has passed away at age 46, according to local news report. Read More
La Place de Bordeaux, the historic distribution network that was first established to distribute Bordeaux fine wines, has found a new lease of life outside the French wine region with the autumn release of non-Bordeaux fine wines steadily gaining traction. Read More
Bernard Magrez, the savvy wine entrepreneur who already has four classified Bordeaux estates under his name, has launched an ultra-premium Chinese wine range that is bent on “changing overseas wine consumers’ perception of Chinese wine”. Read More
ASC Fine Wines has become the exclusive importer and distributor of L'Âme de Pape Clément, the latest addition to the famed Graves estate Château Pape Clément for the country’s premium wine market including Hong Kong and Macau. Read More
Tokyo-headquartered Enoteca has reopened its 75 m² wine store in China's eastern Suzhou after months of renovation, as it plans expansion to tap into wine consumption power of the affluent city of 13 million people. Read More