It’s one of the world’s most secretive and isolated regimes, yet North Korea has emerged as an unlikely destination for China wine exports. Read More
China
The Bordeaux Wine Council attributes the slump to high inventory levels, economic slowdown, and weaker consumer demand. Read More
With the wine education market under pressure, WSET and its partners are navigating a tougher, more competitive landscape—one where prestige alone is no longer enough to drive enrollment. Read More
China’s imported spirits market experienced a sharp downturn in 2024, with brandy and whiskey imports plummeting under the weight of high inventory levels and waning demand. 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
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
Asia was the only region where Penfolds recorded revenue growth, with NSR surging 50.4% to AUD 386.1 million (USD 243.9 million), accounting for 69.3% of total Penfolds sales. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More
Luxury conglomerate LVMH reported a 35.7% decline in operating profit for its wine and spirits division in 2024, as weaker demand in China and a challenging global market weighed on sales. Read More