Instant liquor retail market went through another consolidation as another major player has changed hands: Henan Liquor Easy Trading Corporation Limited (酒便利), has sold about 51% of its equity through a court-supervised auction. Read More
China
Treasury Wine Estates said it is now “unlikely” to see a near-term improvement in sales in the United States and China - its two largest markets - and will cut hundreds of thousands of cases of shipments as inventories build up and pricing pressure intensifies. Read More
The Penfolds owner freezes its shares ahead of a crucial market update, following a A$687 million U.S. impairment and weakening demand in China.
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As tariffs lift and Australian wine re-enters China, leading Australian wine importer Mega Wines confronts a transformed market defined by shrinking business demand, cautious distributors and shifting consumer tastes.
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To understand what is really happening in China and across Asia, Vino Joy News sat down with François-Xavier Maroteaux of Château Branaire-Ducru, who became president of the Union des Grands Crus de Bordeaux (UGCB) in February. Read More
Fliggy, Alibaba Group’s travel-services platform, has signed an agreement with the Bordeaux Chamber of Commerce and Industry and the Great Wine Capitals Global Network to develop a series of winery travel experiences aimed at Chinese tourists. Read More
Edward Ragg MW — educator, critic, judge and poet — reflects on the collaborative work behind one of the world’s largest wine competitions, and why fairness depends on many palates rather than one. Read More
A Chinese entrepreneur set a new record at the annual Hospices de Beaune wine auction after paying €400,000 for the Pièce des Présidents, the event’s headline charity barrel. Read More
ASC Fine Wines has signed a memorandum of understanding with Shanghai’s Free Trade Zone operator in an ambitious move to redefine how fine wines enter and access the China market. Read More
Despite the overall drops, there are reasons to be cautiously optimistic. Australia's average export price surged over 83%, and New Zealand wines coninued its stunning rise. Read More