The Australian wine group cut customer inventories in China by 200,000 cases, but distributors offered a more cautious assessment of underlying demand.
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China
The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More
As demand shrinks and deflation spreads, the brands that win the next decade in China won't be the ones that shipped the most during the downturn; they'll be the ones that protected pricing, chose the right partners and refused to chase volume for its own sake, argues Don St Pierre Jr. Read More
The Bordeaux-based Chinese critic Alexandre Ma is challenging old hierarchies, questioning en primeur and bringing Eastern sensory memory into the conversation. Read More
New Zealand wine imports are surging, but bottles selling for as little as RMB 39.90 are raising questions about margins, quality and Marlborough’s premium image. Read More
Penfolds has suspended new orders for its flagship label for three months as inventories swell, prices slide and distributors struggle to make money. Read More
China has moved to regulate alcohol-free wine and beer alongside conventional alcoholic beverages, tightening controls on sales to minors in its first comprehensive update on the country’s drinks regulation in 21 years following the fast rise of e-commerce and instant retail. Read More
ASC Fine Wines has expanded its portfolio with producers ranging from Dominus Estate to Champagne Jacquesson and Ningxia's Devo, arguing each brand fills a specific role in China's evolving wine market. Read More
At a panel discussion last month marking ASC Fine Wines' 30th anniversary in Shanghai, some of China's most prominent wine industry figures offered a diagnosis on why China's wine consumption plunged and offered advice forward. Read More
Australia's wine glut is showing up on China's retail shelf. Australian wines from premium regions that once routinely sold for more than RMB 200 are now appearing on Chinese shelves below RMB 30 (USD4.43). Read More