Treasury Wine Estates (TWE) has reported a 34.7% increase in sales revenue for its flagship brand, Penfolds, in the Asian market for fiscal year 2024, driven by strong growth in Thailand, Hong Kong, and Taiwan, as well as a recovery in mainland China during the fourth quarter. Read More
China
China's imports of Australian bottled wine continued to surge in July, recording a staggering year-on-year increase in both volume and value. However there are early signs of a potential plateau following the post-tariff rebound earlier this year. Read More
LVMH dominated the top 10 list, while China's Changyu came in fifth on the world's top 10 most valuable Champagne and Wine brand list. Read More
Kevin Lu, a Taiwanese sommelier, has earned the prestigious Master Sommelier (MS) diploma from the Court of Master Sommeliers, making him the first from Taiwan and only the second Chinese individual to achieve this distinction. Read More
The downturn in Asia, driven by slumping sales in China and South Korea, contrasts with the company’s overall global growth. Read More
The latest twist in fake Penfolds saga was unexpected: a wine company not only established a “Penfold Family Wine Club” in China but also enlisted a man claiming to be the “seventh-generation heir of the Penfolds family” to endorse their activities. Read More
The real challenge lies not in consumer demand but in navigating the labyrinthine certification process that keeps many Western wines from being marketed as organic in the country. Read More
The number of catering businesses that deregistered or closed reached an alarming number of 1.056 million in first half of the year, nearly equaling the total for the entire year of 2023. Read More
Here are China's top wine importers by region based on customs data in the first half of the year. Read More
Australia's surge is a welcome news but one of the top 50 wine importers in China told us 2024 is the worst year he has ever encountered in his professional life. Our full analysis on H1 wine import data. Read More