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
China
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
Australian wine exports surged to AU$2.55 billion in 2024, driven by China's strong rebound, but Wine Australia warns that global headwinds and uneven growth could threaten long-term stability. Read More
Sam's Club could be making record sales in 2024 but can its wine sales keep up? Read More
Having launched his business during the Covid-19 pandemic, Legrandois shared his insights on Hong Kong, an international wine hub currently facing challenging times. Read More
Priced from HKD 738 to HKD 3,998 (US$ 94.81 to US$ 513.61), the collection will be available in Hong Kong starting in January. Read More
The college dropout is now an independent winemaker, selling wines both in China and internationally.
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The top selling wine on Douyin, China’s TikTok, is a wine that you probably never heard about, and there’s a reason why. Read More